đ NVIDIA Stock Update â October 20, 2026
1. NVIDIA (NVDA) Stock Price
Latest reported closing price: $217.09
Previous close: $214.13
Daily gain: Approximately 1.38%
October 20 pre-market price: Around $216.40
These figures reflect the latest reported market data available from October 19â20, 2026. The pre-market price is not the final closing price for October 20.
2. đ Latest NVIDIA News
NVIDIA expands into AI processors
On October 19, Reuters reported that NVIDIA had partnered with AI cloud-computing startup Modal to use its new Vera central processing units (CPUs).
Modal reported that early tests showed the Vera chip delivering twice the task performance of the Intel and AMD processors it tested against.
NVIDIA is targeting at least $20 billion in Vera CPU sales during the current fiscal year.
The company estimates the potential CPU market it is targeting at approximately $200 billion.
Why it matters: NVIDIA is expanding beyond GPUs into CPUs, potentially strengthening its position in AI data centers.
3. NVIDIA Financial Outlook
NVIDIA's latest reported quarterly results showed strong AI demand.
Financial metric Latest reported figure
Q2 FY2027 revenue $96.22 billion
Data center revenue Approximately $89 billion
Forecast Q3 FY2027 revenue Approximately $108 billion
Expected FY2028 revenue growth Approximately 70%
The figures reflect NVIDIA's reported results and guidance announced in August 2026. Future growth is not guaranteed.
4. đ NVIDIA Stock: Bullish or Bearish?
Bullish factors đą
Strong demand for AI computing infrastructure.
Expansion into new AI processors.
Continued investment in AI data centers.
Potential growth from cloud providers and enterprise customers.
Bearish factors đŽ
Concerns about excessive AI investment and debt.
Rising memory and component costs.
Uncertainty surrounding future AI spending.
High expectations could make the stock vulnerable to disappointing results.
On October 20, US technology stocks faced renewed pressure as investors assessed AI investment risks and upcoming corporate earnings. NVIDIA shares also edged lower in pre-market trading.
5. đŻ NVIDIA Price Target
NVIDIA's share price was approximately $217 at the latest reported close.
One market-data provider listed an average analyst price target of approximately $328.72, implying potential upside of around 51% from that closing price. This is an analyst estimate, not a guaranteed future price.
Scenario Possible interpretation
Bullish Strong AI demand and earnings could support further gains.
Neutral The stock could consolidate while investors assess valuations.
Bearish Weak AI spending or disappointing earnings could trigger a correction.
These are market scenarios, not precise price predictions.
6. My View: NVIDIA for Long-Term Investment
Long-term outlook: Constructive, but valuation and volatility matter.
NVIDIA remains a major company in AI computing. However, even a strong business can experience significant stock-price declines when expectations are too high.
If you plan to invest:
Consider buying gradually instead of investing your entire amount at once.
Monitor quarterly revenue, data center demand and profit margins.
Avoid borrowing money to buy the stock.
Decide your investment horizon before entering.
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