Nvidia continues to push the boundaries. The American semiconductor giant unveiled on August 26, 2026 quarterly results once again particularly strong, driven by the rise of artificial intelligence and the sustained demand for its data center infrastructure. Blackwell Ultra is advancing in power while the new Vera Rubin generation is already starting to take over, confirming Nvidia’s ability to maintain a very high pace of innovation.
The initial reaction of investors after the release of Nvidia’s latest results also appears positive, even though one must wait for Wall Street to reopen to truly gauge how the market will receive these results. Because the main challenge for Nvidia now is to continue surpassing expectations that have become extremely high.
In this context, can Nvidia’s stock still climb in 2026? Should one still invest in Nvidia stock and buy the share in this late-2026 period? Discover the detailed analysis and Café de la Bourse’s view on Nvidia stock
Nvidia: can the AI giant still surprise investors in 2026?
For Nvidia, publishing very strong results is no longer sufficient by itself to satisfy the markets. After several years of exceptional growth driven by the rise of artificial intelligence, investors have become accustomed to seeing the group regularly surpass analysts’ forecasts.
Before the publication of the second quarter of fiscal 2027, consensus saw roughly $92 billion in revenue and adjusted earnings per share slightly above $2. Some analysts also anticipated more than $85 billion of revenue for the Data Center business.
Nvidia ultimately surpassed these expectations, continuing a streak of results beating Wall Street’s forecasts. But this regularity paradoxically represents one of the company’s main challenges: each release raises the bar for the next.
To sustain its share price over time, Nvidia must therefore not only demonstrate exceptional growth but also convince that this growth can continue as global investments in AI infrastructure reach unprecedented levels.
The outlook provided by Nvidia remains particularly ambitious. The group expects a further improvement in its business in the third quarter of fiscal 2027, and this without including any revenues from Data Center compute chips in China in its forecast. The gradual transition from Blackwell Ultra to Vera Rubin is also a major challenge to maintain this momentum. Nvidia notes that Vera Rubin has now entered production, while demand for its AI infrastructure continues to grow.
Nvidia in a few key figures in 2026
Founded in 1993 by Jensen Huang, Chris Malachowsky and Curtis Priem, Nvidia has become in a little over three decades one of the indispensable players in the global technology industry. Historically specialized in graphics processing units (GPUs), the company now occupies a central role in developing the infrastructure needed for artificial intelligence.
- 1993 : year of Nvidia’s creation
- Jensen Huang : cofounder and CEO of Nvidia since its creation
- About 42,000 employees worldwide, of which more than 80% work in technical functions
- 38 countries in which Nvidia has staff
- More than 50 offices worldwide, with headquarters in Santa Clara, California
- 208 billion transistors can be integrated into a Blackwell GPU, illustrating the technological complexity reached by Nvidia’s latest generations
- 72 Blackwell GPUs and 36 Grace CPUs can be combined within a single GB200 NVL72 system intended for AI infrastructures
What are Nvidia’s latest results? Our analysis
Nvidia published excellent results for its second fiscal quarter 2027, surpassing Wall Street expectations. The group beat the consensus in both revenue and earnings per share, while still showing exceptional growth despite a high comparison base. The Data Center business also beat analysts’ expectations, confirming that global demand for AI infrastructure remains extremely strong.
Marc’s Comment:
Why talk about the second quarter of fiscal 2027 when we are in 2026? Simply because Nvidia’s fiscal year is offset from the calendar year. Thus, the quarter ended July 2026 corresponds to the second quarter of its fiscal year 2027 (Q2 FY2027).
Key figures of Nvidia’s Q2 FY2027 results
| Indicator | Q2 FY2027 | Year-over-year Change |
| Revenue | $96.22 B | 106 % |
| Data Center Revenue | $89.02 B | 117 % |
| Hyperscale Revenue | $48.71 B | 102 % |
| AI Clouds, Industrial & Enterprise Revenue | $40.31 B | 138 % |
| GAAP gross margin | 75.00 % | +2.6 pts |
| GAAP operating income | $63.73 B | 124 % |
| GAAP net income | $59.69 B | 126 % |
| Diluted GAAP EPS | $2.46 | 128 % |
| Diluted Adjusted EPS (Non-GAAP) | $2.22 | 120 % |
| Free Cash Flow | $21.34 B | 59 % |
| Q3 FY2027 Revenue Guidance | ~$108 B ± 2% | — |
Performance is particularly impressive in AI infrastructures. Data Center now represents the overwhelming majority of Nvidia’s activity, with acceleration especially strong among enterprises, AI players, and cloud providers. Nvidia attributes this progression in particular to the rising prominence of Blackwell Ultra.
Another positive signal: Nvidia already projects $108 billion in revenue for Q3 FY2027, versus around $104–$105 billion expected by Wall Street before the release. This forecast is notable as it does not include any revenue from Data Center compute chips in China.
CEO’s Comment:
AI has reached its inflection point. It now performs useful work, its tokens are productive and profitable. Now, compute power generates revenue. And demand is accelerating. […] The deployment of AI infrastructures is in full swing. Vera Rubin, now in full production, was designed precisely to meet this moment.
How did the stock market react to Nvidia’s results?
The initial reaction of investors to Nvidia’s results appears positive, but still needs to be confirmed when Wall Street opens. After closing the session on August 26, 2026 at $209.66, down 1.59%, Nvidia’s stock initially hesitated in after-hours trading before clearly accelerating during the investor conference. The stock finally rose by more than 4% in after-hours trading, after temporarily topping $220. This reaction suggests that investors welcomed not only the results but also the outlook presented by management. However, it will be necessary to wait for the first regular session after the publication to see whether this enthusiasm is confirmed and to gauge the market’s true reaction to Nvidia’s results.
Is Nvidia still dominating the AI market in 2026?
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Nvidia remains in 2026 in a dominant position in AI infrastructure, thanks notably to its GPUs, but also to its CUDA software ecosystem, its networking solutions, and its complete Data Center systems. The rise of Blackwell Ultra and the start of Vera Rubin allow the group to renew its offering rapidly as demand continues to accelerate. Nvidia notes that Vera Rubin is already deployed with major partners such as Google Cloud, Microsoft Azure and Oracle Cloud.
However, this dominance is not uncontested. AMD and several semiconductor specialists are looking to gain ground, while some of Nvidia’s key customers are developing their own chips to reduce dependence. Despite this growing competition, Nvidia retains a major advantage: its positioning no longer relies solely on GPUs, but on a complete platform covering a large portion of the AI value chain.
Commentary from Nvidia’s CEO:
Our position in open models is very good because the CUDA ecosystem is literally everywhere.
Should you still invest in Nvidia stock in 2026? Café de la Bourse’s view and fundamental analysis
Regarding fundamental analysis, Nvidia still presents an exceptional profile in the second half of 2026, combining extremely high growth, notably strong margins, and substantial cash generation. The main point of caution is therefore not the company’s financial solidity at this stage, but its valuation: after Nvidia’s stock and earnings surge in recent years, investors must determine whether future growth will be strong enough to justify a market capitalization now exceeding $5 trillion.
Summary table of Nvidia’s key financial indicators
| Fundamental indicator | Value |
| Market capitalization | ≈ $5,070 B |
| Enterprise value (EV) | ≈ $5,047 B |
| Cash and liquid investments | $56.6 B |
| Net financial debt | ≈ $33.4 B |
| Net financial position | Positive cash position (+$23.2 B) |
| Equity | ≈ $150 B |
| Gross margin Q2 FY2027 | 75.00 % |
| Free Cash Flow Q2 FY2027 | $21.34 B |
| Current P/E (TTM*) | Approximately 26.5x |
| Current EV/EBITDA (TTM*) | Approximately 25x |
| Dividend yield | < 0.1 % |
| Fundamental profile | Exceptional growth / high valuation |
Nvidia officially reported $56.6 billion in cash, cash equivalents and marketable securities at the end of the quarter. The group also issued $25 billion in new senior notes during the quarter.
Nvidia’s valuation remains high in absolute terms, but it must be contextualized against the pace of earnings growth. The trailing twelve-month P/E is currently around 26x earnings, a high level that must be weighed against Nvidia’s earnings growth rate. Nvidia also maintains an exceptional ability to generate cash: quarterly free cash flow exceeds $21 billion, up 59% year over year.
Thus the fundamental profile for Nvidia remains particularly solid. The main question for the investor is no longer whether Nvidia is profitable and growing, but whether this growth can stay sufficiently exceptional to continue justifying a valuation above $5 trillion.
How far can Nvidia’s stock go in 2026? Our view and technical analysis
After a spectacular rise in recent years, Nvidia’s stock continues to move within a very dynamic long-term trend, albeit with notable volatility. To identify the main scenarios for the stock in the second half of 2026, we will perform two complementary technical analyses: a short-term analysis based on the daily chart, and a longer-term analysis from the weekly chart. The goal will be to identify the main support and resistance zones that could influence Nvidia’s stock price in the coming months.
Short-term technical analysis of Nvidia stock
In the short term, the underlying trend of Nvidia’s stock remains bullish, despite the consolidation after the strong push that carried the stock from March 26 to May 18, 2026 to a high near $235. With the price now around $209, the technical challenge is to determine whether Nvidia still has enough momentum to retest its recent highs.
The zone around $206-207 constitutes a major support. As long as this holds, a rebound could allow the stock to first reach the $225 resistance, then consider moving back toward the $235, which now represents the main resistance and the recent high. In the very short term, the zone around $209-212 also deserves attention: a stabilization above this level would reinforce the scenario of a new upside impulse.
Conversely, a clear break of the $206-207 support would deteriorate the short-term technical setup and could lead to a move back toward the major support at $190. If the correction continues and this level breaks, the next significant support visible on the chart sits around $160, although this scenario remains relatively distant from the current price.
Next sessions will therefore be decisive: a rebound at the 206-207 level would keep the bullish scenario intact with 225 then 235 dollars as major targets, while a break of this support would significantly raise the risk of a deeper correction for Nvidia’s stock.
Daily chart analysis of Nvidia stock
Long-term technical analysis of Nvidia stock
In the long run, Nvidia’s stock trend remains very strongly bullish. The main horizontal levels remain broadly the same as those identified on the daily chart, with the zones around $190 and $206-207 as supports and $225 then $235 as the main resistances to watch. The weekly chart analysis, however, reveals a particularly interesting configuration: Nvidia’s share price has been moving for several years within a wide long-term bullish channel.
If Nvidia’s stock were to sustainably break above the resistance of $235 and post new all-time highs, the upper boundary of this channel could then serve as a theoretical long-term objective zone. Several intermediate bullish trendlines also help identify potential resistance zones as this advance unfolds.
However, these objectives should be interpreted with more caution than horizontal levels. A trendline or the upper boundary of a channel being oblique means the corresponding price level increases gradually over time: the potential objective directly depends on the date at which the stock would test these lines.
The long-term chart structure thus remains favorable for Nvidia, but a continued rise would first require a break of 225 dollars and, more importantly, of the 235-dollar peak. Beyond that, the upward channel would allow for new targets, potentially well above current records.
Weekly chart analysis of Nvidia stock
Key technical levels to watch on Nvidia stock
In light of the short- and long-term chart analyses, six price levels appear particularly important to anticipate Nvidia’s next moves.
| Level type | Nvidia share price | Technical interpretation |
| Major resistance | $235 | Recent high and main hurdle to continuing the upward trend A clear breakout would open the door to new highs and would allow the dynamic targets embodied by the long-term bullish channel to be considered |
| Resistance | $225 | First objective if the bullish impulse resumes Its breakout would strengthen the likelihood of a return toward $235 |
| Very short-term pivot zone | $209-212 | Zone close to current price A stabilization above this level would constitute an initial favorable signal for a renewed rise |
| Major support | $206-207 | Crucial short-term technical level A rebound from this support could serve as a stepping stone to a new impulse toward 225$, then 235$ A break would signal weakness |
| Major support | $190 | Main downside objective if 206-207 breaks Maintaining this level would be important to preserve a medium-term favorable chart setup |
| Long-term support | $160 | Last clearly visible major horizontal support on the studied charts It would only become truly relevant in the event of a much deeper correction |
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Should you still buy Nvidia stock in 2026? Café de la Bourse’s final view
In our view, Nvidia stock remains attractive in the second half of 2026 for an investor with a long-term horizon who can tolerate substantial volatility.
The latest Nvidia results reinforce the investment thesis: growth remains exceptional, dominance in AI infrastructure, strong cash generation, and still very dynamic prospects with Vera Rubin coming online. Caution is nonetheless essential: market expectations are extremely high, future growth is already largely anticipated, and a disappointment on margins, AI investments or competition could trigger a rapid correction in the stock.
In conclusion, the current share price level for Nvidia therefore leans more toward gradually building a position rather than investing the entire capital at once. An initial position can be justified given the quality of Nvidia’s fundamentals and prospects, while keeping cash available to add on earlier support levels identified above. More cautious investors may also choose to stay on the sidelines for now and wait for either a pullback that offers a more comfortable entry point or new publications confirming that Nvidia continues to maintain its growth pace.
The potential remains significant, but so does the market’s level of expectation: Nvidia stock, in our view today, is more of a name to accumulate progressively for the long term than a stock to rush into after its latest results.
How to invest in Nvidia stock in practice?
To invest directly in Nvidia stock, you can go through a stock broker like XTB. The stock broker allows you to buy shares and ETFs with 0% commission up to €100,000 of cumulative volume per month. Beyond this threshold, a commission of 0.20% applies, with a minimum of €10 per trade. Currency conversion fees of 0.5% can also apply, particularly when buying an American stock like Nvidia from an account denominated in euros.
With Nvidia trading around $200, purchasing a whole share can, however, represent a substantial weight for small portfolios. For example, a $200 position represents 20% of a $1,000 portfolio. To maintain good diversification with a smaller capital, XTB lets you invest in fractional shares from €1, enabling far more precise allocation to Nvidia.
Another option is to gain indirect exposure to Nvidia via a thematic ETF focused on artificial intelligence and new technologies. The Franklin AI, Metaverse and Blockchain UCITS ETF (ISIN: IE000IM4K4K2), for example, held around 4.1% of its portfolio in Nvidia shares, alongside Micron Technology, TSMC, Qualcomm, Alphabet, Apple, Meta, or Broadcom. This approach allows exposure to Nvidia while spreading the investment across several companies tied to major technology trends.
XTB also offers more than 2,200 ETFs, with the same 0% commission up to €100,000 invested per month, which can be an alternative for investors seeking diversification rather than directly purchasing Nvidia stock alone.
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