NVDA
NVIDIA Corporation

NVIDIA CorporationNVDA

Technology · Semiconductors
186.64USD
+2.78%
Nov 08, 2026
NVDA overview ready
Leading supplier of AI accelerator GPUs and compute platforms to data centers
NVIDIA is the leading integrated supplier of data-center AI compute platforms, selling accelerator GPUs alongside CPUs, networking, rack-scale systems and the CUDA software ecosystem.
Primary theme is lagging
AI Infrastructure is lagging (-29.6pp vs SPY over 21 sessions; 0 of 16 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Dependence on AI investment cycles.
Market Nov 6Filing Jul 26Price action Nov 7Research Oct 1

Conviction Level

PriceAction3.4BusinessPerformance9.0BusinessQuality8.8Valuation3.5ThemeMomentum1.0Accelerating — Revenue growth has accelerated across 4 consecutive quarters, rising from +63% to +106% year over year. Diluted EPS is up 128% year over year at $2.46. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−29.6pp
Theme return
−34.5%
Beating SPY
0 of 16
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
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Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$4.5T
Avg Volume (60D)
112.1M
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
+2.8%
Distance from 200DMA
-8.7%
Next Earnings
2026-11-17
P/E
23.3x
EV / EBITDA
22.4x
EV / Sales
14.9x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jul 26, 2026
Filed balance-sheet data as of Jul 26, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 4 consecutive quarters, rising from +63% to +106% year over year. Diluted EPS is up 128% year over year at $2.46.

Latest reported: Q2 FY2027, ended Jul 26
Revenue growthAccelerating
+106%
$96.2B in Q2 FY2027 · YoY
YoY growth, last 4 quarters
  1. +63%
  2. +73%
  3. +85%
  4. +106%
Earnings growthGrowing
+128%
Diluted EPS $2.46 vs $1.08 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +67%
  2. +98%
  3. +215%
  4. +128%
Operating marginExpanding
66.2%
+5.4 pp YoY · gross margin 75.0% (+2.6 pp)

Business Quality

8.8 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; peers 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.

Company Research

Thesis
NVIDIA is the leading integrated supplier of data-center AI compute platforms, selling accelerator GPUs alongside CPUs, networking, rack-scale systems and the CUDA software ecosystem.
Opportunity
Moderate opportunity
Hyperscaler, AI-lab, cloud-provider and enterprise investment in accelerator-centric compute platforms—including GPUs, custom accelerators, CPUs, networking, systems and software stacks—to train and serve increasingly compute-intensive AI models.
Key risk
Dependence on AI investment cycles.

Economic classification

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Business & Markets

Technology · Semiconductors
What they do

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

How it earns

Primarily transactional sales of hardware products and software licenses to data centers, enterprises, gamers, and automotive customers.

Products & services
Data center accelerated computing platforms
GeForce gaming GPUs
Quadro/NVIDIA RTX enterprise GPUs
AI software and CUDA ecosystem
Automotive autonomous and electric vehicle platforms
Customers & end markets
Hyperscale cloud providers and AI labs
Enterprise data centers
Gamers and PC users
Automotive manufacturers
Market position

Market leader in integrated AI compute platforms and GPU accelerators for data centers and gaming.

Demand drivers
Medium cyclicality

Demand is influenced by AI investment cycles and gaming market trends, which can fluctuate with technology adoption and macroeconomic conditions.

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