NVDA
NVIDIA Corporation

NVIDIA CorporationNVDA

Technology · Semiconductors
228.87USD
+0.66%
Sep 23, 2026
NVDA overview ready
Leading provider of AI accelerators and integrated accelerated-computing platforms
NVIDIA is the leading merchant provider of AI accelerators and integrated accelerated-computing platforms, supplying GPUs, CPUs, networking, systems and software that convert data-center AI capital expenditure into deployed training and inference capacity.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Accelerators and Integrated AI Compute Platforms — pure play.
Advancing price action
Longer-term context reads mature trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Supply chain disruptions impacting chip production.
Market Sep 22Filing Jul 26Price action Sep 22Research Sep 1

Conviction Level

NarrativeHeat9.5ThemeHeat9.0PriceAction7.7Valuation3.6CompanyPosition9.3
Price
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Price Action

Advancing price action
Longer-term context reads mature trend, with a near-term setup of daily advance.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$5.5T
Avg Volume (60D)
124.5M
60 sessions
Revenue Growth YoY
+65.5%
FY2026 vs FY2025
Gross Margin
+74.7%
Trailing twelve months
Operating Margin
+65.2%
Trailing twelve months
Free Cash Flow Yield
+2.3%
Distance from 200DMA
+15.3%
Next Earnings
2026-11-17
P/E
28.6x
EV / EBITDA
27.2x
EV / Sales
18.1x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jul 26, 2026
Filed balance-sheet data as of Jul 26, 2026

Fundamentals & Valuation

One of the two valuation perspectives says cheap; intrinsic is the dissenting view. The published stance is held at fair because cyclical earnings may be at a cycle peak, inflating the earnings the multiple is measured against.
NVIDIA Corporation has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.

What changed

Company Research

Thesis
NVIDIA is the leading merchant provider of AI accelerators and integrated accelerated-computing platforms, supplying GPUs, CPUs, networking, systems and software that convert data-center AI capital expenditure into deployed training and inference capacity.
Opportunity
Moderate opportunity
Hyperscaler, sovereign-AI, enterprise and AI-cloud investment in accelerator-centric servers, integrated compute systems and the associated platform software used to train, fine-tune and run large-scale AI workloads.
Key risk
Supply chain disruptions impacting chip production.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Accelerators and Integrated AI Compute Platforms, with strong fit.
NVDA is a direct and unusually concentrated beneficiary of the AI infrastructure capital cycle rather than a peripheral supplier.
Narrative HeatHot9.5 / 10
Theme HeatHot9.0 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Semiconductors
What they do

NVIDIA designs and sells graphics processing units (GPUs) and AI computing platforms, operating through Compute & Networking and Graphics segments globally.

How it earns

The company generates revenue primarily through product sales of GPUs and computing platforms, along with software solutions.

Products & services
GeForce GPUs for gaming and PCs
Data center accelerated computing and AI platforms
Automotive platforms for autonomous and electric vehicles
Enterprise workstation GPUs (Quadro/NVIDIA RTX)
Customers & end markets
Gaming consumers
Data center operators and cloud providers
Automotive manufacturers
Enterprise workstation users
Market position

Market leader in GPUs and AI computing platforms with a strong software ecosystem.

Demand drivers
Medium cyclicality

Demand is influenced by technology adoption cycles and capital expenditure trends in data centers and gaming.

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