Dear Nvidia Stock Fans, Mark Your Calendars for September 24

Nvidia (NVDA) investors have a key date to watch as CEO Jensen Huang is set to attend President Donald Trump’s state dinner for Chinese President Xi Jinping on Sept. 24, along with other prominent technology leaders at the White House. The high-profile gathering comes as the U.S. and China navigate sensitive issues involving artificial intelligence (AI), trade, tariffs, and advanced semiconductor technology.

Huang’s presence is particularly notable for Nvidia, given the company’s position at the center of the global AI chip market and the ongoing U.S.-China technology relationship. Investors will be watching whether discussions around AI and semiconductor trade create any signals relevant to Nvidia’s access to the Chinese market, export restrictions, or the broader outlook for AI infrastructure demand.

While the dinner itself does not guarantee any policy changes, Sept. 24 could provide an important backdrop for Nvidia stock as the market weighs the potential implications of renewed U.S.-China engagement.

About Nvidia Stock

Nvidia is a global leader in accelerated computing and AI, renowned for pioneering the GPU that revolutionized gaming, data centers, and AI-driven computing. Headquartered in Santa Clara, California, Nvidia’s technology now powers everything from high-performance gaming and cloud computing to autonomous vehicles and generative AI applications. With a market cap of $5.5 trillion, Nvidia stands among the world’s most valuable companies, driven by its dominance in AI infrastructure and continued innovation in next-generation chip design.

Nvidia stock has gained steady momentum in recent sessions, with the shares now sitting just 4% below their 52-week high of $236.54 reached on May 14. The stock is up 22% year-to-date (YTD) and 28% over the past 52 weeks, while its five-day gain stands at 7%, reflecting an acceleration in recent trading. Although in the red this morning, Nvidia has otherwise advanced in each of the past five sessions through Sept. 22, including gains of 2.5% on Sept. 17, 1.3% on Sept. 18, 2.3% on Sept. 21, and 0.66% yesterday, Sept. 22. It surged marginally in the last session, closing at $228.87.

Nvidia’s recent stock advance has been supported by several developments reinforcing the strength of the AI infrastructure cycle. The company’s latest quarterly results showed revenue growth of 106%, while management has continued to signal strong demand for its next-generation AI systems.

Meanwhile, demand from AI cloud providers remains robust as Nebius Group (NBIS) announced another increase in prices for Nvidia GPU rentals, while CoreWeave (CRWV) said it was continuing to contract new compute capacity at higher prices, providing fresh evidence that demand for Nvidia-powered computing remains strong. The stock is also benefiting from renewed optimism around the company’s Blackwell and Vera Rubin platforms as customers continue expanding AI infrastructure.

In addition, expectations surrounding the upcoming Trump-Xi engagement have added another potential catalyst, with investors watching for any developments that could improve Nvidia’s ability to sell AI chips in China.

NVDA trades at 24.04 times forward earnings and 24.81 times sales, which is currently a premium compared to industry peers.

Better-Than-Expected Q2 Earnings

Nvidia delivered another blockbuster quarter, reporting its fiscal second-quarter 2027 results on Aug. 26, for the quarter ended July 26. Revenue reached a record $96.2 billion, up 106% year-over-year (YoY) from $46.7 billion, and increased 18% sequentially. The result also comfortably exceeded Nvidia’s prior guidance of $91 billion, plus or minus 2%.

The company’s profitability expanded even faster. On a non-GAAP basis, net income climbed 118% to $54 billion, versus $24.8 billion in Q2 fiscal 2026, while adjusted EPS jumped 120% to $2.22, exceeding expectations. Non-GAAP gross margin rose to 75% from 72.5%. Operating income surged 124% YoY to $63.7 billion.

Nvidia’s Data Center segment remained the primary growth engine, generating $89 billion in revenue, up 117% YoY from the prior-year quarter and representing the majority of total company revenue. The performance reflects continued demand for Nvidia’s accelerated-computing platforms as hyperscalers and AI companies expand infrastructure.

Furthermore, Nvidia issued an even stronger outlook. For Q3 fiscal 2027, the company expects revenue of $108 billion, plus or minus 2%. Importantly, the forecast assumes no Data Center compute revenue from China. Nvidia expects GAAP and non-GAAP gross margins of approximately 74%, plus or minus 50 basis points.

It's worth noting that Nvidia is not merely maintaining its AI growth trajectory; it is accelerating it, with management pointing to full production of its next-generation Vera Rubin platform and continued strength across AI infrastructure.

Street expects Nvidia’s momentum to continue, with analysts forecasting EPS growth of 102.4% YoY to $9.25 in fiscal 2027, followed by another 65.7% increase to $15.33 in fiscal 2028.

Wall Street Remains Positive About NVDA Stock

Bernstein analyst Stacy Rasgon reiterated a “Buy” rating on NVDA stock this week while maintaining a $400 price target. The target was unchanged from Rasgon’s earlier revision, when Bernstein raised it from $315 to $400 on Aug. 27, underscoring the analyst’s continued confidence in Nvidia’s earnings and AI-driven growth outlook.

Furthermore, Rothschild & Co Redburn analyst Timm Schulze-Melander maintained a “Buy” rating on Nvidia with a $325 price target.

Overall, NVDA stock has a consensus “Strong Buy” rating. Of the 50 analysts covering it, 46 advise a “Strong Buy,” three suggest a “Moderate Buy,” and one offers a “Strong Sell” rating.

The average analyst price target for NVDA is $325.88, indicating a potential upside of 45%. The Street-high target price of $515 suggests that the stock could rally as much as 129%.

On the date of publication, Subhasree Kar did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.