NVIDIA (NVDA) Update — 3 Oct 2026
Latest price: NVDA closed around $233.95 on Oct. 2, after gaining about 1.3% that day. Morgan Stanley recently reinstated NVIDIA as its semiconductor “top pick” and cited a $300 analyst target, but that is an analyst forecast, not a guaranteed price.
Strong earnings: Q2 FY2027 revenue was $96.2B, up 106% YoY, while Data Center revenue reached $89.0B, up 117% YoY. Gross margin was 75%.
Buyback: NVIDIA increased its share-repurchase authorization by $150B, bringing the remaining authorization to $235B through fiscal 2028.
AI growth: Vera Rubin is now in full production, and NVIDIA continues expanding its AI-infrastructure ecosystem.
Key risk: The biggest issues to watch are very high AI-infrastructure spending expectations, export restrictions/China exposure, and whether future earnings can continue matching the extremely high growth expectations.
Technical view: Around $235–236 is an important recent resistance area because NVDA's prior all-time high was around $235.74. A sustained break above that area would be technically significant; weakness below recent support would increase the chance of a deeper pullback.
If you want, I can also give you in a simple table.NVDA entry price + support/resistance + 2026 target levels
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Latest price: NVDA closed around $233.95 on Oct. 2, after gaining about 1.3% that day. Morgan Stanley recently reinstated NVIDIA as its semiconductor “top pick” and cited a $300 analyst target, but that is an analyst forecast, not a guaranteed price.
Strong earnings: Q2 FY2027 revenue was $96.2B, up 106% YoY, while Data Center revenue reached $89.0B, up 117% YoY. Gross margin was 75%.
Buyback: NVIDIA increased its share-repurchase authorization by $150B, bringing the remaining authorization to $235B through fiscal 2028.
AI growth: Vera Rubin is now in full production, and NVIDIA continues expanding its AI-infrastructure ecosystem.
Key risk: The biggest issues to watch are very high AI-infrastructure spending expectations, export restrictions/China exposure, and whether future earnings can continue matching the extremely high growth expectations.
Technical view: Around $235–236 is an important recent resistance area because NVDA's prior all-time high was around $235.74. A sustained break above that area would be technically significant; weakness below recent support would increase the chance of a deeper pullback.
If you want, I can also give you in a simple table.NVDA entry price + support/resistance + 2026 target levels
please like share and follow