Nucor earnings beat by $0.08, revenue fell short of estimates
Nvidia Corporation (NASDAQ:NVDA)’s stock has reached an all-time high, trading at 158.72 USD, with a market capitalization of $3.84 trillion. This milestone reflects a significant upward trend in the company’s stock performance over the past year, delivering a 22.6% return. According to InvestingPro data, the company’s current valuation appears rich relative to its Fair Value. The increase underscores strong investor confidence and positive market sentiment surrounding Nvidia’s business prospects and technological advancements. The company’s robust growth trajectory, evidenced by an impressive 86% revenue growth in the last twelve months, has been supported by its leadership in the graphics processing unit (GPU) market and expanding opportunities in artificial intelligence and data centers. With an excellent overall financial health score and analysts maintaining a strong buy consensus, Nvidia continues to capture market share. Get deeper insights into Nvidia’s valuation metrics and 18 additional ProTips with InvestingPro’s comprehensive research report.
In other recent news, Nvidia has seen significant developments that may interest investors. Mizuho (NYSE:MFG) has raised its price target for Nvidia to $185 from $170, maintaining an Outperform rating due to a strong outlook for data center revenues, which are projected to reach approximately $41 billion. The firm also increased its fiscal 2026 revenue and earnings estimates, citing improved GPU supply and the introduction of new products as contributing factors. Meanwhile, Cantor Fitzgerald has reiterated its Overweight rating on Nvidia with a price target of $200, noting increased confidence in the company’s future performance. Nvidia’s earnings per share estimates for calendar year 2026 have risen by 10% since the start of the year. Additionally, Nvidia’s technology has been highlighted in a blog post featuring Cyngn, which uses Nvidia’s Isaac platform to develop autonomous industrial vehicles. Northrop Grumman (NYSE:NOC) is also expanding its use of Nvidia’s AI technology to enhance spacecraft operations, aiming to develop new mission capabilities and improve existing ones. These recent developments underscore Nvidia’s ongoing influence and partnerships across various sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.