NEW YORK, August 10, 2026, 05:12 EDT
- Nvidia rose 11.6% over the past week and was up 0.5% in early premarket action.
- The increase in weekly value surpassed the total market capitalization of Intel Corporation NASDAQ:INTC.
- Nvidia is scheduled to announce its fiscal second-quarter earnings on August 26.
NVIDIA Corporation NASDAQ:NVDA added approximately $562 billion to its market capitalization over the past week, marking its biggest weekly increase ever. Shares ended trading on Friday at $223.96, while premarket indicators stood at $225.10 at 4:58 a.m. EDT Monday. U.S. markets remained shut for the regular session.
The size is more significant than the percentage increase. The gain surpassed Intel’s entire market capitalization and matched 71% of Advanced Micro Devices Inc.’s NASDAQ:AMD total value. This puts considerable expectations on Nvidia’s report due August 26.
Nvidia closed Friday with a market capitalization of $5.42 trillion. According to early estimates from FactSet Research Systems Inc. NYSE:FDS, projected earnings for fiscal 2027 stand at $9.00 per share, giving a price-to-earnings ratio of 24.9 at Friday’s closing. The forecast for fiscal 2028 is $12.78 per share, which would bring the multiple down to 17.5.
Nvidia outperformed the majority of its direct chip rivals, although others in the sector also saw gains. The following changes compare closing prices from July 31 and August 7.
| Company | July 31 close | August 7 close | Weekly change |
|---|---|---|---|
| NVIDIA Corporation NASDAQ:NVDA | $200.75 | $223.96 | +11.6% |
| Advanced Micro Devices Inc. NASDAQ:AMD | $476.15 | $483.36 | +1.5% |
| Broadcom Inc. NASDAQ:AVGO | $389.28 | $427.76 | +9.9% |
| Intel Corporation NASDAQ:INTC | $90.20 | $101.65 | +12.7% |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR NYSE:TSM | $404.25 | $420.04 | +3.9% |
Intel posted the highest percentage gains, while Nvidia, with its bigger market capitalization, generated the greatest total wealth. The Nasdaq Composite rose 5.2% last week, which was less than half of Nvidia’s increase.
The contrast becomes more pronounced in absolute terms. Nvidia’s $562 billion gain is compared below with the August 7 market value of each peer.
| Comparator | Market capitalization | Nvidia’s weekly gain as percentage of peer value |
|---|---|---|
| Intel | $512.72 billion | 109.6% |
| AMD | $789.07 billion | 71.2% |
| TSMC | $1.90 trillion | 29.6% |
| Broadcom | $2.04 trillion | 27.5% |
Nvidia generated more value in a week than Intel’s total market capitalization. The gain also reached almost three-quarters of AMD’s market worth. As a result, forward guidance becomes the main catalyst.
Business momentum is driving some of the rerating. Revenue for the first quarter totaled $81.6 billion, an 85% increase from the same period last year. Data-center revenue jumped 92% to $75.2 billion. Non-GAAP gross margin stood at 75.0%.
The company expects second-quarter revenue to reach $91.0 billion, with a variance of 2% either way. The outlook does not include any data-center compute revenue from China. Nvidia anticipates a non-GAAP gross margin of 75.0%, allowing for a fluctuation of 50 basis points.
Chief Executive Jensen Huang stated the AI-factory construction “is accelerating at extraordinary speed.” The August update needs to demonstrate that pace translating into revenue, while maintaining margins. NVIDIA Newsroom
Over the past three months, initial analyst forecasts have increased, particularly for longer-term periods. Company guidance is listed independently.
| Earnings hurdle | Current guide or preliminary estimate | Three months ago | Change |
|---|---|---|---|
| Q2 FY2027 revenue, company guidance | $91.0 billion ±2% | — | — |
| Q2 FY2027 non-GAAP gross margin, company guidance | 75.0% ±50 bps | — | — |
| Q2 FY2027 EPS consensus | $2.08 | $1.93 | +7.8% |
| FY2027 EPS consensus | $9.00 | $8.28 | +8.7% |
| FY2028 EPS consensus | $12.78 | $11.13 | +14.8% |
The quarterly EPS forecast remains steady compared to a month earlier. Over the past three months, the fiscal 2028 EPS projection has increased by nearly 15%. This puts greater emphasis on the forward outlook, rather than a small quarterly gain.
Analysts continue to offer predominantly positive recommendations, despite a slight decrease in the number of firms covering the stock.
| Recommendation | Current | One month ago | Three months ago |
|---|---|---|---|
| Buy | 54 | 55 | 57 |
| Overweight | 7 | 7 | 8 |
| Hold | 2 | 3 | 4 |
| Underweight | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 |
| Consensus | Buy | Buy | Buy |
Of the 64 ratings tracked, 61 are Buy or Overweight. The median price target stands at $300, suggesting a 34% potential upside from Friday’s closing price. The lowest target, at $180, indicates a possible 20% downside. The spread highlights confidence rather than consensus.
Inflation reports could impact Nvidia’s valuation multiple ahead of August 26. July CPI figures are due Wednesday, with economists predicting headline inflation at 3.4% and core inflation at 2.5%. Producer price data is expected on Thursday, followed by retail sales on Friday. Matt Orton, chief market strategist at Raymond James Financial Inc.’s NYSE:RJF investment-management division, noted that positioning had become “way too crowded.” He also remarked that expectations were “too exuberant” prior to July’s market downturn. Reuters
Potential risks are softer guidance, declines in gross margins, and ongoing limitations on China revenue. A stronger inflation report may drive Treasury yields higher and put pressure on Nvidia’s forward multiple.
The immediate focus is straightforward: surpassing the $2.08 consensus is key. For the rally to persist, though, management will probably need to provide guidance that prompts another increase in estimates.
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