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Nvidia Stock Hits Record: Is It Cheaper Now?
3 Oct
Summary
- Nvidia's stock reached a new record high, surpassing previous peaks.
- Quarterly revenue significantly increased by 41% since May.
- The stock's price-to-earnings ratio has decreased, making it cheaper.
Nvidia's stock has again reached a record high, nearing $237.87 on October 2, 2026, surpassing its May 14 peak. Although the share price is comparable to mid-May, the underlying business has seen significant expansion.
Revenue has climbed dramatically, with the fiscal second quarter of 2027 (ending July 26, 2026) reporting $96.2 billion, a 41% increase from the fiscal fourth quarter of 2026 (ending January 25, 2026) revenue of $68.1 billion. Data center revenue, primarily from AI chips, now constitutes over 90% of total revenue.
Management forecasts fiscal third-quarter revenue of $108 billion, indicating continued growth, though sequential growth has slowed. Adjusted earnings per share have risen approximately 50% over the past year, making the stock's price-to-earnings ratio approximately 34, down from about 51 in May. This suggests the stock is more attractively valued now than at its previous record high.
