New York, June 15, 2026, 06:01 ET
- NVIDIA gained in premarket trading. Chip stocks rose as buyers picked up risk. Nasdaq 100 futures climbed 2.2%. Reuters had NVIDIA up 2.3% before the market opened. Reuters
- AI data center demand is still the main driver. NVIDIA posted $81.6 billion in total revenue last quarter. Its Data Center segment brought in $75.2 billion. SEC
- China takes center stage again today. Sources say ByteDance is weighing local Chinese AI chip suppliers instead of foreign players for its purchasing plans. Reuters
NVIDIA was up in premarket trading Monday, bouncing with other chip stocks as tech futures gained. MarketScreener showed NVIDIA at $209.42, up 2.06% from its close of $205.19 last Wednesday. Reuters put the stock up 2.3% before the opening bell. Premarket moves can give an early look at prices, though volume there is usually thin. Nasdaq 100 futures rose 2.2% with chip names catching a bid. Oil prices slipped, with some worries in the market easing. MarketScreener Reuters
NVIDIA is moving markets again, its price swings pulling the Nasdaq and other AI-linked indexes higher. Shares last changed hands at $205.19, putting NVIDIA close to a $5 trillion valuation and giving it a P/E near 31 on the latest numbers. Investors are buying on hopes for more profit or less risk. Shares fall when growth looks shaky, rates jump, valuations run hot, or hot trades unwind. HSBC’s Max Kettner told Reuters that “credible progress” on a U.S.-Iran deal “should be taken as a positive,” saying this helped push up risk appetite Monday. Reuters
NVIDIA bulls are sticking with the story after another record. Fiscal Q1 revenue hit $81.6 billion, up 85% year-on-year. Data Center revenue jumped 92% to $75.2 billion. The board signed off on $80 billion more in buybacks and raised the dividend to $0.25 from $0.01. CEO Jensen Huang said, “The buildout of AI factories…is accelerating at extraordinary speed,” and flagged more large AI data centers. Reuters reported NVIDIA guiding Q2 revenue at $91 billion, stronger than the LSEG estimate of $86.84 billion, with Huang adding, “We should be growing faster than hyperscale capex.” SEC Reuters
NVIDIA skeptics aren’t questioning the company’s growth, but wonder if investors have already priced it in and if NVIDIA can maintain its pace. Reuters reported Monday that ByteDance is talking with China’s Iluvatar CoreX to buy at least 50,000 AI chips. The same report said ByteDance could go with Baidu’s Kunlunxin chips for inference work, or answering questions, instead of training models. Reuters said local chipmakers grabbed 41% of China’s AI accelerator server market last year. NVIDIA CEO Jensen Huang said NVIDIA’s China share is now basically zero. That’s a big risk for a stock priced as if it still rules the world in AI hardware. Reuters
NVIDIA is only a buy at these levels if you think the AI cycle runs through 2027 and nothing dents margins—no new competition, no export restrictions, no supply issues. After the move up to a $5 trillion valuation, risk is clearly higher. Analyst views haven’t shifted; MarketScreener still shows 62 “Buy” ratings with an average price target at $298.93. The low end of targets is $180, so there’s serious downside risk. The Fed meeting this week is next up for rate-wary tech names. For NVIDIA: annual meeting set for June 24, then fiscal Q2 earnings due post-close on August 26. The $91 billion revenue forecast hangs on demand, margins, and China. MarketScreener NVIDIA Investor Relations wallstreethorizon.com
