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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.13 |
| Change that session | -1.43% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- ASML Has Incredible News for Nvidia Stock and Micron Stock Investors
ASML, which holds a monopoly on the EUV lithography machines used to make advanced AI chips, reported strong third-quarter 2026 revenue and earnings growth and said it is struggling to meet customer demand. It sold 113 new lithography systems in the quarter, up from 66 a year earlier. Management said demand for AI hardware will outpace supply through at least 2028, and customers are seeking orders for 2029 and 2030. The article argues this supports a favorable pricing backdrop for Nvidia and Micron, even though their shares have fallen 9% and 13% respectively since Oct. 6. Micron's revenue rose 256% to $133.19 billion in fiscal 2026.
- The Cheapest NVIDIA Has Looked All Month: What the Price Target Says
NVIDIA closed at $216.47 on October 20 after a 6.61% weekly drop tied to AI financing worries, and the 24/7 Wall St. model sets a 12-month price target of $258.42, implying 20.68% upside. The model says NVIDIA trades at 16 times forward earnings while revenue grew 105.8% year over year last quarter. Fiscal Q2 2027 revenue of $96.22 billion beat the $92.07 billion estimate, and non-GAAP EPS of $2.22 topped the $2.09 estimate, marking a fifth straight beat. Management expects fiscal 2028 revenue to grow about 70%, though the article flags supply obligations of $279 billion and margin pressure from rising memory costs. The model’s bear case is $225.15, and the article gives a BUY rating with 90% confidence.
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According to The Kobeissi Letter, NVIDIA and Micron are expected to account for 36% of S&P 500 earnings growth in the third-quarter reporting season, contributing 5.2 and 4.6 percentage points to expected 27% year-over-year growth. NVIDIA is expected to report revenue of $108.98 billion, up 91.2% from a year earlier, while Micron's November-quarter revenue is seen at $61.67 billion. NVIDIA's supply commitments reached $279.0 billion in fiscal Q2 2027, up sharply from $119 billion in Q1, largely for memory used in Vera Rubin production that Micron supplies. The article argues these commitments signal months ahead whether AI spending is still accelerating, while rising memory prices could compress margins. The fifteen largest S&P 500 stocks now hold a record 46.7% of the index's market value, versus 27.2% during the 2000 dot-com bubble.
- Prediction: Nvidia’s Road to $1 Trillion in Annual Revenue Could Transform Its Stock
Nvidia reported $96.22B in quarterly revenue, up 105.8% year over year, and guided to $108B for the current quarter, yet the stock is up only 15.08% year to date. The article says reaching $350 in 2027 would require a 63.5% gain from the $214.13 price, and its model's central estimate is $258.42. Key risks include investor worries about AI funding, $279B in supply commitments, and guidance that excludes China data center compute revenue. The author says this scenario depends on Vera Rubin ramping as the fastest launch in Nvidia's history, supply easing and markets not pricing in a funding scare, calling $350 'a stretch, but a credible one.'
- Micron and Nvidia Are the 2 Biggest Drivers of S&P 500 Earnings Growth. Are Their Stocks Buys?
FactSet lists Micron (MU) and Nvidia (NVDA) as the two biggest contributors to S&P 500 earnings growth in Q3 2026: the index's blended growth is 29%, but would be 20% without the two. Micron reported adjusted EPS of $33.42 for fiscal Q4 2026, with revenue up 379% to $54.2 billion, though its operating margin was roughly flat from the prior quarter, so future growth depends mainly on revenue. Nvidia hasn't reported fiscal Q3 yet, but its outlook points to about $108 billion in revenue, and its non-GAAP net income rose 118% to $54.0 billion in fiscal Q2 2027. Both stocks have fallen: Nvidia near $217, down 9% from its record close, and Micron near $905, about 25% below its record. Micron trades at about 12 times earnings and Nvidia about 14 times; the author argues this makes both worth buying, while noting risks from memory price cycles and slowing AI spending.
- Nvidia Reportedly Just Landed $35 Billion In Chip Orders From Chinese Companies. Here's Why That Could Be Great News for the Stock
Reuters, citing anonymous sources, reported that Chinese companies including ByteDance, Alibaba and Tencent ordered more than 3 million Nvidia Blackwell chips, worth a collective $35 billion. Nvidia's guidance, including projected third-quarter fiscal 2027 revenue of around $108 billion, has not included potential sales to Chinese companies. However, one source told Reuters Nvidia may fill only 5% to 10% of these orders, with capacity of at most 3 million Blackwell chips globally in 2027. The stock, which has fallen over 9% recently amid AI concerns and carries a roughly $5.2 trillion market cap, rose only marginally on the news.
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