NVIDIA (NVDA)
Market Price (7/16/2026): $208.82 | Market Cap: $5.1 TrilInvestor Relations Sector: Information Technology | Industry: Semiconductors
NVIDIA (NVDA)
Market Price (7/16/2026): $208.82Market Cap: $5.1 TrilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 71% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 64% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47%, CFO LTM is 126 Bil, FCF LTM is 119 Bil Stock buyback supportStock Buyback 3Y Total is 103 Bil Low stock price volatilityVol 12M is 36% Megatrend and thematic driversMegatrends include Artificial Intelligence, Autonomous Technologies, Electric Vehicles & Autonomous Driving, Automation & Robotics, Show more. | Expensive valuation multiplesP/SPrice/Sales ratio is 20x Key risksNVDA key risks include [1] U.S. Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 71% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 64% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47%, CFO LTM is 126 Bil, FCF LTM is 119 Bil |
| Stock buyback supportStock Buyback 3Y Total is 103 Bil |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Autonomous Technologies, Electric Vehicles & Autonomous Driving, Automation & Robotics, Show more. |
| Expensive valuation multiplesP/SPrice/Sales ratio is 20x |
| Key risksNVDA key risks include [1] U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 7/12/2026
NVIDIA (NVDA) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Record Fiscal Q1 2027 Financial Performance and Robust Guidance Fueled by Data Center Growth. NVIDIA reported record revenue of $81.6 billion for fiscal Q1 2027 (ended April 26, 2026), marking an 85% year-over-year increase and a 20% sequential rise, significantly exceeding analyst estimates. This was largely driven by its Data Center segment, which achieved record revenue of $75.2 billion, up 92% from the prior year. The company also provided strong guidance for fiscal Q2 2027, projecting revenue of $91.0 billion, plus or minus 2%, with an anticipated gross margin of 75.0%, signaling continued strong growth.
2. Enhanced Shareholder Returns Through Increased Dividends and Substantial Share Repurchase Authorization. During fiscal Q1 2027, NVIDIA returned approximately $20.0 billion to shareholders via share repurchases and cash dividends. The company further bolstered investor confidence by approving an additional $80.0 billion share repurchase authorization without expiration and significantly increasing its quarterly cash dividend from $0.01 to $0.25 per share.
Show more
NVIDIA (NVDA) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Record Fiscal Q1 2027 Financial Performance and Robust Guidance Fueled by Data Center Growth. NVIDIA reported record revenue of $81.6 billion for fiscal Q1 2027 (ended April 26, 2026), marking an 85% year-over-year increase and a 20% sequential rise, significantly exceeding analyst estimates. This was largely driven by its Data Center segment, which achieved record revenue of $75.2 billion, up 92% from the prior year. The company also provided strong guidance for fiscal Q2 2027, projecting revenue of $91.0 billion, plus or minus 2%, with an anticipated gross margin of 75.0%, signaling continued strong growth.
2. Enhanced Shareholder Returns Through Increased Dividends and Substantial Share Repurchase Authorization. During fiscal Q1 2027, NVIDIA returned approximately $20.0 billion to shareholders via share repurchases and cash dividends. The company further bolstered investor confidence by approving an additional $80.0 billion share repurchase authorization without expiration and significantly increasing its quarterly cash dividend from $0.01 to $0.25 per share.
Show more
Updated on 7/12/2026
NVIDIA (NVDA) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Record Fiscal Q1 2027 Financial Performance and Robust Guidance Fueled by Data Center Growth. NVIDIA reported record revenue of $81.6 billion for fiscal Q1 2027 (ended April 26, 2026), marking an 85% year-over-year increase and a 20% sequential rise, significantly exceeding analyst estimates. This was largely driven by its Data Center segment, which achieved record revenue of $75.2 billion, up 92% from the prior year. The company also provided strong guidance for fiscal Q2 2027, projecting revenue of $91.0 billion, plus or minus 2%, with an anticipated gross margin of 75.0%, signaling continued strong growth.
2. Enhanced Shareholder Returns Through Increased Dividends and Substantial Share Repurchase Authorization. During fiscal Q1 2027, NVIDIA returned approximately $20.0 billion to shareholders via share repurchases and cash dividends. The company further bolstered investor confidence by approving an additional $80.0 billion share repurchase authorization without expiration and significantly increasing its quarterly cash dividend from $0.01 to $0.25 per share.
3. Sustained and Accelerating Global Demand for AI Infrastructure. The "buildout of AI factories" is accelerating, described by NVIDIA's CEO as the "largest infrastructure expansion in human history". The extraordinary growth in Data Center revenue, particularly a 199% year-over-year increase in Data Center networking revenue, reflects robust demand for NVIDIA's Blackwell 300 products and related networking solutions. Analysts anticipate Data Center compute revenue for the second half of fiscal 2027 to be approximately 20% above Wall Street consensus, underscoring the ongoing strong demand for AI processing capabilities.
4. Easing of U.S. Export Controls to the UAE Opening New Market Opportunities. On July 10, 2026, NVIDIA's stock experienced a 4.03% increase following news that the U.S. administration eased some export policies concerning the United Arab Emirates. This development is seen as potentially allowing the UAE to acquire advanced AI chips, thus expanding NVIDIA's addressable market and creating a new revenue stream.
5. Positive Analyst Sentiment and Favorable Valuation Reset. Wall Street analysts have maintained a bullish outlook on NVIDIA, with a median price target of $308.5 and numerous "Buy" or "Outperform" ratings issued in the last six months. Despite hitting historic highs, the company's forward price-to-earnings (P/E) ratio had contracted to 21.18x, approaching its valuation prior to the major AI boom, which analysts viewed as attractive given its strong earnings momentum.
Show less
NVIDIA (NVDA) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Record Fiscal Q1 2027 Financial Performance and Robust Guidance Fueled by Data Center Growth. NVIDIA reported record revenue of $81.6 billion for fiscal Q1 2027 (ended April 26, 2026), marking an 85% year-over-year increase and a 20% sequential rise, significantly exceeding analyst estimates. This was largely driven by its Data Center segment, which achieved record revenue of $75.2 billion, up 92% from the prior year. The company also provided strong guidance for fiscal Q2 2027, projecting revenue of $91.0 billion, plus or minus 2%, with an anticipated gross margin of 75.0%, signaling continued strong growth.
2. Enhanced Shareholder Returns Through Increased Dividends and Substantial Share Repurchase Authorization. During fiscal Q1 2027, NVIDIA returned approximately $20.0 billion to shareholders via share repurchases and cash dividends. The company further bolstered investor confidence by approving an additional $80.0 billion share repurchase authorization without expiration and significantly increasing its quarterly cash dividend from $0.01 to $0.25 per share.
3. Sustained and Accelerating Global Demand for AI Infrastructure. The "buildout of AI factories" is accelerating, described by NVIDIA's CEO as the "largest infrastructure expansion in human history". The extraordinary growth in Data Center revenue, particularly a 199% year-over-year increase in Data Center networking revenue, reflects robust demand for NVIDIA's Blackwell 300 products and related networking solutions. Analysts anticipate Data Center compute revenue for the second half of fiscal 2027 to be approximately 20% above Wall Street consensus, underscoring the ongoing strong demand for AI processing capabilities.
4. Easing of U.S. Export Controls to the UAE Opening New Market Opportunities. On July 10, 2026, NVIDIA's stock experienced a 4.03% increase following news that the U.S. administration eased some export policies concerning the United Arab Emirates. This development is seen as potentially allowing the UAE to acquire advanced AI chips, thus expanding NVIDIA's addressable market and creating a new revenue stream.
5. Positive Analyst Sentiment and Favorable Valuation Reset. Wall Street analysts have maintained a bullish outlook on NVIDIA, with a median price target of $308.5 and numerous "Buy" or "Outperform" ratings issued in the last six months. Despite hitting historic highs, the company's forward price-to-earnings (P/E) ratio had contracted to 21.18x, approaching its valuation prior to the major AI boom, which analysts viewed as attractive given its strong earnings momentum.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 22.0% change in NVDA stock from 3/31/2026 to 7/15/2026 was primarily driven by a 17.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 7152026 | Change |
|---|---|---|---|
| Stock Price ($) | 174.20 | 212.50 | 22.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 215,938 | 253,491 | 17.4% |
| Net Income Margin (%) | 55.6% | 63.0% | 13.2% |
| P/E Multiple | 35.3 | 32.3 | -8.3% |
| Shares Outstanding (Mil) | 24,302 | 24,286 | 0.1% |
| Cumulative Contribution | 22.0% |
Market Drivers
3/31/2026 to 7/15/2026| Return | Correlation | |
|---|---|---|
| NVDA | 22.0% | |
| Market (SPY) | 16.1% | 62.1% |
| Sector (XLK) | 36.6% | 64.5% |
Fundamental Drivers
The 14.1% change in NVDA stock from 12/31/2025 to 7/15/2026 was primarily driven by a 35.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 7152026 | Change |
|---|---|---|---|
| Stock Price ($) | 186.27 | 212.50 | 14.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 187,142 | 253,491 | 35.5% |
| Net Income Margin (%) | 53.0% | 63.0% | 18.8% |
| P/E Multiple | 45.7 | 32.3 | -29.2% |
| Shares Outstanding (Mil) | 24,327 | 24,286 | 0.2% |
| Cumulative Contribution | 14.1% |
Market Drivers
12/31/2025 to 7/15/2026| Return | Correlation | |
|---|---|---|
| NVDA | 14.1% | |
| Market (SPY) | 11.0% | 67.9% |
| Sector (XLK) | 26.3% | 70.7% |
Fundamental Drivers
The 34.7% change in NVDA stock from 6/30/2025 to 7/15/2026 was primarily driven by a 70.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302025 | 7152026 | Change |
|---|---|---|---|
| Stock Price ($) | 157.78 | 212.50 | 34.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 148,515 | 253,491 | 70.7% |
| Net Income Margin (%) | 51.7% | 63.0% | 21.8% |
| P/E Multiple | 50.2 | 32.3 | -35.6% |
| Shares Outstanding (Mil) | 24,441 | 24,286 | 0.6% |
| Cumulative Contribution | 34.7% |
Market Drivers
6/30/2025 to 7/15/2026| Return | Correlation | |
|---|---|---|
| NVDA | 34.7% | |
| Market (SPY) | 23.2% | 64.7% |
| Sector (XLK) | 44.0% | 72.9% |
Fundamental Drivers
The 403.3% change in NVDA stock from 6/30/2023 to 7/15/2026 was primarily driven by a 879.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7152026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.22 | 212.50 | 403.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25,878 | 253,491 | 879.6% |
| Net Income Margin (%) | 18.5% | 63.0% | 240.0% |
| P/E Multiple | 217.6 | 32.3 | -85.1% |
| Shares Outstanding (Mil) | 24,700 | 24,286 | 1.7% |
| Cumulative Contribution | 403.3% |
Market Drivers
6/30/2023 to 7/15/2026| Return | Correlation | |
|---|---|---|
| NVDA | 403.3% | |
| Market (SPY) | 76.3% | 66.8% |
| Sector (XLK) | 112.8% | 78.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NVDA Return | 125% | -50% | 239% | 171% | 39% | 14% | 1529% |
| Peers Return | 45% | -42% | 85% | 25% | 41% | 106% | 461% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| NVDA Win Rate | 58% | 42% | 75% | 75% | 67% | 57% | |
| Peers Win Rate | 62% | 38% | 65% | 53% | 52% | 54% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| NVDA Max Drawdown | -24% | -63% | -18% | -27% | -37% | -18% | |
| Peers Max Drawdown | -24% | -51% | -22% | -40% | -41% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMD, INTC, AVGO, QCOM, MRVL. See NVDA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/15/2026 (YTD)
How Low Can It Go
| Event | NVDA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.3% | -18.8% |
| % Gain to Breakeven | 47.6% | 23.1% |
| Time to Breakeven | 60 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -26.7% | -7.8% |
| % Gain to Breakeven | 36.4% | 8.5% |
| Time to Breakeven | 68 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.7% | -9.5% |
| % Gain to Breakeven | 13.3% | 10.5% |
| Time to Breakeven | 11 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -62.7% | -24.5% |
| % Gain to Breakeven | 168.1% | 32.4% |
| Time to Breakeven | 215 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.6% | -33.7% |
| % Gain to Breakeven | 60.1% | 50.9% |
| Time to Breakeven | 56 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -55.6% | -19.2% |
| % Gain to Breakeven | 125.4% | 23.8% |
| Time to Breakeven | 417 days | 105 days |
In The Past
NVIDIA's stock fell -32.3% during the 2025 US Tariff Shock. Such a loss loss requires a 47.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | NVDA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.3% | -18.8% |
| % Gain to Breakeven | 47.6% | 23.1% |
| Time to Breakeven | 60 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -26.7% | -7.8% |
| % Gain to Breakeven | 36.4% | 8.5% |
| Time to Breakeven | 68 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -62.7% | -24.5% |
| % Gain to Breakeven | 168.1% | 32.4% |
| Time to Breakeven | 215 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.6% | -33.7% |
| % Gain to Breakeven | 60.1% | 50.9% |
| Time to Breakeven | 56 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -55.6% | -19.2% |
| % Gain to Breakeven | 125.4% | 23.8% |
| Time to Breakeven | 417 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.8% | -17.9% |
| % Gain to Breakeven | 27.8% | 21.8% |
| Time to Breakeven | 26 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -45.0% | -15.4% |
| % Gain to Breakeven | 81.8% | 18.2% |
| Time to Breakeven | 160 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -83.7% | -53.4% |
| % Gain to Breakeven | 514.4% | 114.4% |
| Time to Breakeven | 2680 days | 1085 days |
In The Past
NVIDIA's stock fell -32.3% during the 2025 US Tariff Shock. Such a loss loss requires a 47.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About NVIDIA (NVDA)
NVIDIA Corporation (NVDA) is a leading technology company that designs and manufactures graphics processing units (GPUs) and develops sophisticated computing and networking solutions. While initially renowned for revolutionizing PC gaming with its GeForce GPUs, the company has significantly diversified its portfolio. Today, NVIDIA's core business involves creating advanced hardware and software that power everything from immersive gaming experiences and professional visualization to artificial intelligence (AI), high-performance computing (HPC), and autonomous systems.
The company's main products and services are primarily categorized into two segments. Its Graphics segment provides GeForce GPUs for gaming PCs and cloud gaming services like GeForce NOW, alongside Quadro/NVIDIA RTX GPUs for enterprise workstations and professional design. This segment also includes software for cloud-based visual computing and its Omniverse platform for 3D design and virtual world development. The Compute & Networking segment offers Data Center platforms for AI and accelerated computing, Mellanox networking solutions, and comprehensive automotive platforms for AI cockpits, autonomous driving, and infotainment systems. Other products include Jetson for robotics and embedded platforms, and NVIDIA AI Enterprise software.
NVIDIA serves a broad global customer base across several key markets, including gaming, professional visualization, data centers, and automotive. Its innovative products and solutions are sold to original equipment manufacturers (OEMs), cloud and Internet service providers, automotive manufacturers and their suppliers, system builders, retailers, and various other technology ecosystem participants. Essentially, NVIDIA provides the underlying GPU and accelerated computing technology that enables cutting-edge applications and advancements across a multitude of industries worldwide.
AI Analysis | Feedback
1. Intel for AI and advanced graphics chips.
2. The electric utility for AI and high-performance computing.
AI Analysis | Feedback
- GeForce GPUs: Graphics processing units primarily for gaming and personal computers.
- GeForce NOW: A cloud-based game streaming service.
- NVIDIA RTX/Quadro GPUs: Professional-grade graphics processing units for enterprise workstations and creative applications.
- vGPU Software: Software enabling virtualized graphics and computing in cloud environments.
- Omniverse Software: A platform for 3D design collaboration and building virtual worlds.
- Data Center Platforms: Integrated hardware and software systems for AI, high-performance computing (HPC), and accelerated computing in data centers.
- Mellanox Networking: High-performance networking and interconnect solutions for data centers and supercomputers.
- Autonomous Driving Solutions: Comprehensive platforms, software, and development agreements for autonomous vehicles and AI-powered automotive cockpits.
- Jetson Platforms: Compact, high-performance computing platforms for robotics and other embedded AI applications.
- NVIDIA AI Enterprise: A software suite and framework for accelerating enterprise AI deployment and development.
- Cryptocurrency Mining Processors (CMPs): Specialized processors designed for efficient cryptocurrency mining.
AI Analysis | Feedback
NVIDIA Corporation (NVDA) primarily sells its products to other companies rather than directly to individuals. The company's customer base includes various enterprise segments as outlined in its description.
Based on the provided background and general market knowledge consistent with NVIDIA's operations, its major customers are found within the categories of Internet and Cloud Service Providers, Original Equipment Manufacturers (OEMs)/System Builders, and Automotive Manufacturers. While the background description lists categories of customers, the following are prominent examples of major companies within those categories that are widely recognized as significant customers of NVIDIA:
- Microsoft Corp. (MSFT) - As a major cloud service provider (Azure) and enterprise software vendor, Microsoft utilizes NVIDIA's data center GPUs for AI, HPC, and cloud computing infrastructure.
- Amazon.com Inc. (AMZN) - Through its Amazon Web Services (AWS) division, Amazon is a substantial consumer of NVIDIA's data center GPUs to power its cloud AI, machine learning, and high-performance computing services.
- Alphabet Inc. (GOOGL) - Google Cloud Platform, a subsidiary of Alphabet, also heavily relies on NVIDIA's GPU technology for its AI workloads, data analytics, and various cloud services.
- Dell Technologies Inc. (DELL) - As a leading OEM and system builder, Dell integrates NVIDIA's GPUs into its servers, workstations, and personal computers, catering to enterprise, professional visualization, and gaming markets.
- Mercedes-Benz Group AG (MBG.DE) - Mercedes-Benz has a strategic partnership with NVIDIA for developing software-defined vehicles and next-generation in-car computing platforms, including AI Cockpit and autonomous driving solutions.
AI Analysis | Feedback
Taiwan Semiconductor Manufacturing Company (TSM)
SK Hynix Inc. (000660.KS)
Samsung Electronics Co., Ltd. (005930.KS)
Micron Technology, Inc. (MU)
AI Analysis | Feedback
Jensen Huang
Founder, President, and Chief Executive Officer
Jensen Huang co-founded NVIDIA in 1993 and has served as its President and CEO since its inception. He previously gained experience in the tech industry, working at Advanced Micro Devices (AMD) and LSI Logic Corporation, where he rose to become a division director. Huang earned a bachelor's degree in electrical engineering from Oregon State University and a master's degree in electrical engineering from Stanford University. Under his leadership, NVIDIA navigated early challenges, including near-bankruptcy in the 1990s, and expanded into GPU production, high-performance computing, and artificial intelligence.
Colette Kress
Executive Vice President and Chief Financial Officer
Colette Kress joined NVIDIA in September 2013 as Executive Vice President and Chief Financial Officer, overseeing the company's financial strategy and operations. She has over three decades of experience in senior finance roles within the technology sector. Before NVIDIA, Kress spent three years as Senior Vice President and CFO of Cisco's Business Technology and Operations Finance organization. Prior to that, she worked for 13 years at Microsoft, including four years as CFO of the Server and Tools division, and held various senior corporate planning and finance positions. She began her career at Texas Instruments. Kress holds an MBA from Southern Methodist University and a bachelor's degree in finance from the University of Arizona.
Chris A. Malachowsky
Founder and NVIDIA Fellow
Chris A. Malachowsky is a co-founder of NVIDIA and currently serves as an NVIDIA Fellow. He has held various positions at the company since its founding in 1993, overseeing areas such as IT, operations, and product engineering. Before co-founding NVIDIA, Malachowsky held engineering and technical leadership roles at companies including Hewlett-Packard and Sun Microsystems.
Debora Shoquist
Executive Vice President, Operations
Debora Shoquist serves as the Executive Vice President of Operations at NVIDIA, a role she has held since joining the company in 2007. With over two decades of experience prior to NVIDIA, she managed operations at various companies, including Quantum and Coherent.
Jay Puri
Executive Vice President, Worldwide Field Operations
Jay Puri is the Executive Vice President of Worldwide Field Operations at NVIDIA, responsible for overseeing the company's global business, including sales, partnerships, program management, and support services. Prior to joining NVIDIA in 2005, Puri accumulated over two decades of experience in sales, marketing, and management, including a significant tenure as Senior Vice President of the Asia-Pacific Group at Sun Microsystems, and roles at Hewlett-Packard, Booz Allen, and Texas Instruments.
AI Analysis | Feedback
The key risks to NVIDIA's business include:
- Intensifying Competition from Hyperscalers and Rivals: A significant risk to NVIDIA stems from its largest customers, major hyperscalers such as Google, Amazon, Microsoft, and Meta, increasingly developing their own custom artificial intelligence (AI) chips and accelerators (e.g., Google's TPU, Amazon's Inferentia/Tranium, Microsoft's Maia, Meta's MTIA, and Tesla's Dojo D1). This trend aims to reduce their dependence on NVIDIA and optimize hardware for their specific AI workloads, particularly for inference, which could erode NVIDIA's market share and revenue from its critical Data Center segment. Additionally, traditional rivals like Advanced Micro Devices (AMD) with its MI300 series and Intel with its Gaudi accelerators are ramping up competition in the AI chip market.
- Geopolitical Tensions and Export Controls: NVIDIA operates in a global market and faces substantial geopolitical risks, especially regarding U.S. government restrictions on selling advanced AI chips to China and other regions. China has historically been a major market for NVIDIA, significantly contributing to its data center revenue. These export controls can directly reduce sales, necessitate product redesigns, create uncertainty for customers, and enable local competitors to gain traction, thereby impacting NVIDIA's growth prospects and operational complexity.
- Reliance on the AI Boom and Potential for Decelerating AI Spending: NVIDIA's recent explosive revenue growth has been largely fueled by the high demand for AI infrastructure, particularly for training large AI models. However, the business faces a risk if enterprises or hyperscalers slow down their AI capital expenditures, overbuild their infrastructure, or if the evolution of AI workloads shifts away from NVIDIA's primary offerings (e.g., toward more efficient inference or custom accelerators). The market's extremely high expectations for NVIDIA's continued rapid growth also make the company vulnerable to any perceived deceleration in AI spending or shifts in technological requirements.
AI Analysis | Feedback
The following are clear emerging threats for NVIDIA:
- Major cloud service providers and hyperscalers developing their own custom AI accelerators and chips: Companies such as Google (TPUs), Amazon (Inferentia/Trainium), and Microsoft are investing significantly in designing specialized silicon tailored for AI and machine learning workloads within their own data centers. This strategic shift aims to optimize performance, reduce operational costs, and decrease reliance on third-party GPU manufacturers like NVIDIA for critical AI infrastructure.
- Automotive manufacturers and autonomous driving companies designing their own custom AI and autonomous driving chips: A growing number of prominent automotive companies and autonomous vehicle developers are pursuing in-house development of specialized silicon for advanced driver-assistance systems (ADAS) and autonomous driving capabilities. This trend could reduce the market demand for NVIDIA's automotive AI platforms and solutions.
AI Analysis | Feedback
Here are the addressable market sizes for NVIDIA's main products and services:
- Gaming GPUs (GeForce GPUs): The global gaming GPU market size was estimated at USD 87.57 billion in 2025.
- Professional Visualization (Quadro/NVIDIA RTX GPUs): The global advanced visualization market was valued at US$3.78 billion in 2024.
- Automotive Platforms (AI Cockpit, Autonomous Driving, ADAS): The global automotive advanced driver assistance system market size was estimated at USD 68.26 billion in 2025.
-
Data Center Platforms and Systems:
- AI Data Center (including GPU-based compute servers): The global AI Data Center Market size is anticipated to grow from USD 236.44 billion in 2025.
- High Performance Computing (HPC): The global high performance computing market size was valued at USD 59.33 billion in 2025.
- Data Center Networking Solutions (Mellanox): The global Data Center Networking Market is projected to grow from USD 55.64 billion in 2025.
- Omniverse Software (Industrial Metaverse): The global industrial metaverse market size was valued at USD 29.05 billion in 2025.
- Jetson (Robotics and Embedded Platforms): The global embedded AI market size was valued at USD 11.7 billion in 2025.
AI Analysis | Feedback
NVIDIA (NVDA) is expected to drive future revenue growth over the next 2-3 years through several key areas:
- Sustained Demand for Data Center AI Infrastructure: NVIDIA anticipates continued exponential growth in demand for its AI computing power and data center platforms. Hyperscalers, cloud service providers, and enterprises are expected to maintain heavy investments in AI infrastructure, including NVIDIA's GPUs and accelerated computing solutions. The company's Blackwell and upcoming Vera Rubin architectures are key to meeting this demand. NVIDIA's CEO Jensen Huang has projected cumulative revenue from 2025-2027 for AI infrastructure to exceed $1 trillion.
- Expansion into Diverse AI Applications and Vertical Markets: Beyond traditional data center applications, NVIDIA expects significant growth from the expansion of AI into new and diverse vertical industries. These include automotive, financial services, healthcare, and robotics. The adoption of generative AI workloads, such as data preparation, large language model (LLM) fine-tuning, and retrieval augmented generation, is increasingly driving enterprise demand.
- Growth in the Automotive Segment: The automotive sector is a crucial growth driver, particularly with the increasing adoption of autonomous driving and AI cockpit solutions. Automakers are incorporating NVIDIA's DRIVE platform for software-defined autonomous vehicle fleets. Strategic partnerships with companies like Li Auto, Great Wall Motor, ZEEKR, Xiaomi EV, Hyundai, and Kia underscore this growth.
- Continuous Introduction of New Products and Architectural Advancements: NVIDIA's pipeline of new product launches and architectural innovations will be vital for future revenue. This includes new generations of GPUs like the Blackwell Ultra GB300 and B300 series chips, and the forthcoming Vera Rubin AI system, which are designed to offer substantial performance improvements and drive upgrade cycles.
- Development and Expansion of Software and Services: Growth in NVIDIA's software and services offerings, such as the NVIDIA AI Enterprise suite and the Omniverse platform, is also an expected revenue driver. These solutions enable various industrial applications, from digital twin creation and simulation in automotive design to broader AI development and deployment for enterprises.
AI Analysis | Feedback
Share Repurchases
- In August 2024, NVIDIA's board approved a $50 billion share repurchase authorization.
- In August 2025, the board authorized an additional $60 billion increase to its share repurchase program, which has no expiration date.
- NVIDIA's annual share buybacks amounted to $10.039 billion in 2023, $9.533 billion in 2024, and $33.706 billion in 2025.
Share Issuance
- NVIDIA's annual stock-based compensation for 2023 was $2.709 billion.
- The company's annual stock-based compensation for 2024 was $3.549 billion.
- NVIDIA's annual stock-based compensation for 2025 was $4.737 billion.
Outbound Investments
- NVIDIA committed up to $100 billion to OpenAI in September 2025 for AI infrastructure deployment, structured as 10 separate $10 billion investments, with the first tranche tied to infrastructure deployment goals.
- The company announced plans to acquire a $5 billion stake in Intel in September 2025, aiming for collaboration on AI processors.
- NVIDIA entered into an approximately $20 billion agreement with Groq in December 2025, which includes non-exclusive licensing of Groq's AI inference technology, acquisition of key assets, and key personnel joining NVIDIA.
Capital Expenditures
- NVIDIA's capital expenditures were $1.833 billion in fiscal year 2023, $1.069 billion in fiscal year 2024, and increased to $3.236 billion in fiscal year 2025.
- Capital expenditures for the fiscal year ending January 2026 peaked at $6.042 billion.
- The primary focus of these capital expenditures is to support the rapid development of AI infrastructure and data center buildouts to meet the surging demand for its GPUs.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 209.38 |
| Mkt Cap | 693.3 |
| Rev LTM | 49,125 |
| Op Inc LTM | 7,879 |
| FCF LTM | 10,538 |
| FCF 3Y Avg | 8,160 |
| CFO LTM | 12,132 |
| CFO 3Y Avg | 12,119 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 33.2% |
| Rev Chg 3Y Avg | 17.2% |
| Rev Chg Q | 32.7% |
| QoQ Delta Rev Chg LTM | 7.3% |
| Op Inc Chg LTM | 71.9% |
| Op Inc Chg 3Y Avg | 130.9% |
| Op Mgn LTM | 21.0% |
| Op Mgn 3Y Avg | 17.1% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 29.0% |
| CFO/Rev 3Y Avg | 29.4% |
| FCF/Rev LTM | 25.5% |
| FCF/Rev 3Y Avg | 25.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 693.3 |
| P/S | 20.6 |
| P/Op Inc | 91.7 |
| P/EBIT | 40.9 |
| P/E | 48.1 |
| P/CFO | 54.1 |
| Total Yield | 1.8% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 2.3% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.4% |
| 3M Rtn | 43.8% |
| 6M Rtn | 63.9% |
| 12M Rtn | 113.4% |
| 3Y Rtn | 292.2% |
| 1M Excs Rtn | -8.2% |
| 3M Excs Rtn | 35.6% |
| 6M Excs Rtn | 65.9% |
| 12M Excs Rtn | 93.8% |
| 3Y Excs Rtn | 233.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Compute & Networking | 193,479 | 116,193 | 47,405 | 15,068 | 11,046 |
| Graphics | 22,459 | 14,304 | 13,517 | 11,906 | 15,868 |
| All Other | 0 | 0 | |||
| Total | 215,938 | 130,497 | 60,922 | 26,974 | 26,914 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Compute & Networking | 130,141 | 82,875 | 32,016 | 5,083 | 4,598 |
| Graphics | 9,156 | 5,085 | 5,846 | 4,552 | 8,492 |
| Acquisition-related and other costs | -527 | -599 | |||
| Unallocated operating expenses | -1,997 | -1,171 | |||
| Stock-based compensation expense | -6,386 | -4,737 | |||
| All Other | -4,890 | -5,411 | -3,049 | ||
| Total | 130,387 | 81,453 | 32,972 | 4,224 | 10,041 |
Price Behavior
Price Behavior
| Market Price | $212.50 | |
| Market Cap ($ Bil) | 5,160.8 | |
| First Trading Date | 01/22/1999 | |
| Distance from 52W High | -9.8% | |
| 50 Days | 200 Days | |
| DMA Price | $209.50 | $191.95 |
| DMA Trend | up | up |
| Distance from DMA | 1.4% | 10.7% |
| 3M | 1YR | |
| Volatility | 41.3% | 35.8% |
| Downside Capture | 238.64 | 198.69 |
| Upside Capture | 191.99 | 178.41 |
| Correlation (SPY) | 63.3% | 64.9% |
NVDA Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.17 | 2.21 | 1.91 | 1.89 | 1.86 | 2.06 |
| Up Beta | 0.85 | 1.95 | 1.40 | 1.69 | 1.61 | 2.01 |
| Down Beta | 2.18 | 2.46 | 2.52 | 1.99 | 2.11 | 1.92 |
| Up Capture | 255% | 205% | 193% | 222% | 259% | 3183% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 19 | 35 | 64 | 131 | 408 |
| Down Capture | 243% | 226% | 216% | 171% | 150% | 112% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 22 | 28 | 61 | 121 | 342 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVDA | |
|---|---|---|---|---|
| NVDA | 29.8% | 35.9% | 0.79 | - |
| Sector ETF (XLK) | 42.8% | 24.4% | 1.40 | 72.9% |
| Equity (SPY) | 21.9% | 12.6% | 1.30 | 64.9% |
| Gold (GLD) | 21.0% | 27.9% | 0.67 | 19.2% |
| Commodities (DBC) | 29.1% | 18.9% | 1.22 | -0.2% |
| Real Estate (VNQ) | 12.6% | 13.9% | 0.61 | -7.2% |
| Bitcoin (BTCUSD) | -46.2% | 42.9% | -1.32 | 36.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVDA | |
|---|---|---|---|---|
| NVDA | 60.0% | 51.8% | 1.09 | - |
| Sector ETF (XLK) | 20.0% | 25.5% | 0.70 | 80.2% |
| Equity (SPY) | 13.2% | 17.1% | 0.59 | 70.4% |
| Gold (GLD) | 17.2% | 18.4% | 0.76 | 8.0% |
| Commodities (DBC) | 9.0% | 19.5% | 0.35 | 10.3% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.04 | 29.2% |
| Bitcoin (BTCUSD) | 13.8% | 53.5% | 0.44 | 32.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NVDA | |
|---|---|---|---|---|
| NVDA | 68.4% | 49.9% | 1.24 | - |
| Sector ETF (XLK) | 25.0% | 24.8% | 0.91 | 76.2% |
| Equity (SPY) | 15.6% | 17.9% | 0.74 | 65.9% |
| Gold (GLD) | 11.1% | 16.1% | 0.56 | 5.4% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 15.6% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 32.5% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 21.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/24/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/20/2026 | -1.8% | -4.1% | -6.5% |
| 2/25/2026 | -5.5% | -6.4% | -12.4% |
| 11/19/2025 | -3.2% | -3.4% | -1.5% |
| 8/27/2025 | -0.8% | -5.5% | -1.9% |
| 5/28/2025 | 3.2% | 5.3% | 17.0% |
| 2/26/2025 | -8.5% | -10.6% | -15.1% |
| 11/20/2024 | 0.5% | -7.2% | -7.7% |
| 8/28/2024 | -6.4% | -14.6% | -3.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 9 |
| # Negative | 12 | 12 | 15 |
| Median Positive | 4.6% | 10.5% | 21.2% |
| Median Negative | -4.3% | -5.9% | -5.0% |
| Max Positive | 24.4% | 30.2% | 35.5% |
| Max Negative | -8.5% | -14.6% | -29.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/20/2026 | -1.8% | -4.1% | -6.5% |
| 2/25/2026 | -5.5% | -6.4% | -12.4% |
| 11/19/2025 | -3.2% | -3.4% | -1.5% |
| 8/27/2025 | -0.8% | -5.5% | -1.9% |
| 5/28/2025 | 3.2% | 5.3% | 17.0% |
| 2/26/2025 | -8.5% | -10.6% | -15.1% |
| 11/20/2024 | 0.5% | -7.2% | -7.7% |
| 8/28/2024 | -6.4% | -14.6% | -3.3% |
| 5/22/2024 | 9.3% | 16.4% | 24.4% |
| 2/21/2024 | 16.4% | 15.1% | 35.5% |
| 11/21/2023 | -2.5% | -3.6% | -1.9% |
| 8/23/2023 | 0.1% | 4.6% | -11.7% |
| 5/24/2023 | 24.4% | 30.2% | 33.1% |
| 2/22/2023 | 14.0% | 9.4% | 31.0% |
| 11/16/2022 | -1.5% | 3.8% | 4.2% |
| 8/8/2022 | -6.3% | -1.5% | -29.1% |
| 5/25/2022 | 5.2% | 15.4% | -0.6% |
| 2/16/2022 | -7.6% | -10.4% | -0.2% |
| 11/17/2021 | 8.2% | 11.7% | -5.0% |
| 8/18/2021 | 4.0% | 16.7% | 15.0% |
| 5/26/2021 | -1.4% | 8.1% | 21.2% |
| 2/24/2021 | -8.2% | -11.7% | -13.5% |
| 11/18/2020 | 0.1% | -1.4% | -1.1% |
| 8/19/2020 | 0.0% | 5.2% | 0.4% |
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 9 |
| # Negative | 12 | 12 | 15 |
| Median Positive | 4.6% | 10.5% | 21.2% |
| Median Negative | -4.3% | -5.9% | -5.0% |
| Max Positive | 24.4% | 30.2% | 35.5% |
| Max Negative | -8.5% | -14.6% | -29.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 05/20/2026 | 10-Q |
| 01/31/2026 | 02/25/2026 | 10-K |
| 10/31/2025 | 11/19/2025 | 10-Q |
| 07/31/2025 | 08/27/2025 | 10-Q |
| 04/30/2025 | 05/28/2025 | 10-Q |
| 01/31/2025 | 02/26/2025 | 10-K |
| 10/31/2024 | 11/20/2024 | 10-Q |
| 07/31/2024 | 08/28/2024 | 10-Q |
| 04/30/2024 | 05/29/2024 | 10-Q |
| 01/31/2024 | 02/21/2024 | 10-K |
| 10/31/2023 | 11/21/2023 | 10-Q |
| 07/31/2023 | 08/28/2023 | 10-Q |
| 04/30/2023 | 05/26/2023 | 10-Q |
| 01/31/2023 | 02/24/2023 | 10-K |
| 10/31/2022 | 11/18/2022 | 10-Q |
| 07/31/2022 | 08/31/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 05/20/2026 | 10-Q |
| 01/31/2026 | 02/25/2026 | 10-K |
| 10/31/2025 | 11/19/2025 | 10-Q |
| 07/31/2025 | 08/27/2025 | 10-Q |
| 04/30/2025 | 05/28/2025 | 10-Q |
| 01/31/2025 | 02/26/2025 | 10-K |
| 10/31/2024 | 11/20/2024 | 10-Q |
| 07/31/2024 | 08/28/2024 | 10-Q |
| 04/30/2024 | 05/29/2024 | 10-Q |
| 01/31/2024 | 02/21/2024 | 10-K |
| 10/31/2023 | 11/21/2023 | 10-Q |
| 07/31/2023 | 08/28/2023 | 10-Q |
| 04/30/2023 | 05/26/2023 | 10-Q |
| 01/31/2023 | 02/24/2023 | 10-K |
| 10/31/2022 | 11/18/2022 | 10-Q |
| 07/31/2022 | 08/31/2022 | 10-Q |
| 04/30/2022 | 05/27/2022 | 10-Q |
| 01/31/2022 | 03/18/2022 | 10-K |
| 10/31/2021 | 11/22/2021 | 10-Q |
| 07/31/2021 | 08/20/2021 | 10-Q |
| 04/30/2021 | 05/26/2021 | 10-Q |
| 01/31/2021 | 02/26/2021 | 10-K |
| 10/31/2020 | 11/18/2020 | 10-Q |
| 07/31/2020 | 08/19/2020 | 10-Q |
| 04/30/2020 | 05/21/2020 | 10-Q |
| 01/31/2020 | 02/20/2020 | 10-K |
| 10/31/2019 | 11/14/2019 | 10-Q |
| 07/31/2019 | 08/15/2019 | 10-Q |
Recent Forward Guidance
Updated 7/8/2026Latest: Q1 2027 Earnings Reported 5/20/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2027 Revenue | 89.18 Bil | 91.00 Bil | 92.82 Bil | 16.7% | Higher New | Guidance: 78.00 Bil for Q1 2027 | |
| Q2 2027 GAAP Gross Margin | 74.4% | 74.9% | 75.4% | 0.0% | Same New | Guidance: 74.9% for Q1 2027 | |
| Q2 2027 Non-GAAP Gross Margin | 74.5% | 75.0% | 75.5% | 0.0% | Same New | Guidance: 75.0% for Q1 2027 | |
| Q2 2027 GAAP Operating Expenses | 8.50 Bil | 10.4% | Higher New | Guidance: 7.70 Bil for Q1 2027 | |||
| Q2 2027 Non-GAAP Operating Expenses | 8.30 Bil | 10.7% | Higher New | Guidance: 7.50 Bil for Q1 2027 | |||
| 2027 Tax Rate | 16.0% | 17.0% | 18.0% | -1.0% | Lowered | Guidance: 18.0% for 2027 | |
Prior: Q4 2026 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | 76.44 Bil | 78.00 Bil | 79.56 Bil | 20.0% | Higher New | Guidance: 65.00 Bil for Q4 2026 | |
| Q1 2027 GAAP Gross Margin | 74.4% | 74.9% | 75.4% | 0.1% | Higher New | Guidance: 74.8% for Q4 2026 | |
| Q1 2027 Non-GAAP Gross Margin | 74.5% | 75.0% | 75.5% | 0.0% | Same New | Guidance: 75.0% for Q4 2026 | |
| Q1 2027 GAAP Operating Expenses | 7.70 Bil | 14.9% | Higher New | Guidance: 6.70 Bil for Q4 2026 | |||
| Q1 2027 Non-GAAP Operating Expenses | 7.50 Bil | 50.0% | Higher New | Guidance: 5.00 Bil for Q4 2026 | |||
| 2027 GAAP Tax Rate | 17.0% | 18.0% | 19.0% | ||||
| 2027 Non-GAAP Tax Rate | 17.0% | 18.0% | 19.0% | ||||
Q3 2026 Earnings Reported 11/19/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | 65.00 Bil | 20.4% | Higher New | Actual: 54.00 Bil for Q3 2026 | |||
| Q4 2026 GAAP Gross Margin | 74.8% | 1.5% | Higher New | Actual: 73.3% for Q3 2026 | |||
| Q4 2026 Non-GAAP Gross Margin | 75.0% | 1.5% | Higher New | Actual: 73.5% for Q3 2026 | |||
| Q4 2026 GAAP Operating Expenses | 6.70 Bil | 13.6% | Higher New | Actual: 5.90 Bil for Q3 2026 | |||
| Q4 2026 Non-GAAP Operating Expenses | 5.00 Bil | 19.0% | Higher New | Actual: 4.20 Bil for Q3 2026 | |||
Insider Activity
Updated 7/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stevens, Mark A | Trust | Sell | 6232026 | 210.17 | 885,000 | 185,999,938 | 1,094,409,135 | Form | |
| 2 | Neal, Stephen C | The Neal/Rhyu Revocable Trust dated 5/2/2017 | Sell | 6052026 | 215.73 | 15,500 | 3,343,863 | 25,054,164 | Form | |
| 3 | Stevens, Mark A | Trust | Sell | 6042026 | 219.83 | 500,000 | 109,913,900 | 1,406,847,579 | Form | |
| 4 | Stevens, Mark A | Trust | Sell | 6042026 | 222.38 | 500,000 | 111,188,700 | 1,534,353,136 | Form | |
| 5 | Dabiri, John | Direct | Sell | 5292026 | 214.00 | 625 | 133,750 | 3,030,882 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stevens, Mark A | Trust | Sell | 6232026 | 210.17 | 885,000 | 185,999,938 | 1,094,409,135 | Form | |
| 2 | Neal, Stephen C | The Neal/Rhyu Revocable Trust dated 5/2/2017 | Sell | 6052026 | 215.73 | 15,500 | 3,343,863 | 25,054,164 | Form | |
| 3 | Stevens, Mark A | Trust | Sell | 6042026 | 219.83 | 500,000 | 109,913,900 | 1,406,847,579 | Form | |
| 4 | Stevens, Mark A | Trust | Sell | 6042026 | 222.38 | 500,000 | 111,188,700 | 1,534,353,136 | Form | |
| 5 | Dabiri, John | Direct | Sell | 5292026 | 214.00 | 625 | 133,750 | 3,030,882 | Form | |
| 6 | Stevens, Mark A | Trust | Sell | 3242026 | 173.68 | 221,682 | 38,502,524 | 1,285,218,746 | Form | |
| 7 | Robertson, Donald F JR | Principal Accounting Officer | Direct | Sell | 3202026 | 174.75 | 5,396 | 942,944 | 58,911,286 | Form |
| 8 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 3202026 | 174.89 | 42,650 | 7,458,954 | 154,143,618 | Form |
| 9 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 3202026 | 174.89 | 10,000 | 1,748,876 | 14,526,164 | Form |
| 10 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 3202026 | 174.89 | 10,000 | 1,748,876 | 124,683,295 | Form |
| 11 | Shah, Aarti S | Direct | Sell | 3202026 | 176.71 | 19,000 | 3,357,549 | 6,362,909 | Form | |
| 12 | Puri, Ajay K | EVP, Worldwide Field Ops | Trust | Sell | 3202026 | 182.25 | 300,000 | 54,676,140 | 550,141,658 | Form |
| 13 | Dabiri, John | Direct | Sell | 3172026 | 184.90 | 3,004 | 555,440 | 2,734,301 | Form | |
| 14 | Puri, Ajay K | EVP, Worldwide Field Ops | Trust | Sell | 3112026 | 182.52 | 300,000 | 54,756,044 | 605,701,681 | Form |
| 15 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 2062026 | 175.72 | 27,640 | 4,856,861 | 148,793,566 | Form |
| 16 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 2062026 | 175.72 | 10,000 | 1,757,186 | 16,352,372 | Form |
| 17 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 2062026 | 175.72 | 10,000 | 1,757,186 | 127,032,942 | Form |
| 18 | Puri, Ajay K | EVP, Worldwide Field Ops | Trust | Sell | 1232026 | 180.04 | 200,000 | 36,007,160 | 651,468,004 | Form |
| 19 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 1152026 | 184.92 | 27,640 | 5,111,185 | 161,696,145 | Form |
| 20 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 1152026 | 184.92 | 10,000 | 1,849,199 | 19,057,842 | Form |
| 21 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 1152026 | 184.92 | 10,000 | 1,849,198 | 135,534,045 | Form |
| 22 | Puri, Ajay K | EVP, Worldwide Field Ops | Trust | Sell | 1092026 | 187.82 | 200,000 | 37,563,619 | 717,192,230 | Form |
| 23 | Robertson, Donald F JR | Principal Accounting Officer | Direct | Sell | 1062026 | 189.85 | 80,000 | 15,187,742 | 65,850,253 | Form |
| 24 | Stevens, Mark A | Trust | Sell | 12222025 | 180.17 | 222,500 | 40,087,380 | 1,373,141,944 | Form | |
| 25 | Robertson, Donald F JR | Principal Accounting Officer | Direct | Sell | 12222025 | 179.98 | 24,590 | 4,425,727 | 76,826,583 | Form |
| 26 | Jones, Harvey C | H.C. Jones Living Trust | Sell | 12172025 | 177.33 | 250,000 | 44,333,450 | 1,229,504,889 | Form | |
| 27 | Shoquist, Debora | EVP, Operations | Trust | Sell | 12122025 | 177.85 | 69,840 | 12,420,972 | 253,364,165 | Form |
| 28 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 12122025 | 178.11 | 30,500 | 5,432,499 | 229,202,640 | Form |
| 29 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 12122025 | 178.11 | 10,000 | 1,781,147 | 20,137,647 | Form |
| 30 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 12122025 | 178.11 | 10,000 | 1,781,147 | 132,327,462 | Form |
| 31 | Shoquist, Debora | EVP, Operations | Trust | Sell | 12122025 | 178.90 | 80,000 | 14,311,661 | 267,349,523 | Form |
| 32 | Shoquist, Debora | EVP, Operations | Trust | Sell | 12122025 | 183.52 | 80,000 | 14,681,882 | 288,947,330 | Form |
| 33 | Shoquist, Debora | EVP, Operations | Trust | Sell | 12102025 | 184.65 | 80,000 | 14,771,657 | 305,485,807 | Form |
| 34 | Stevens, Mark A | Trust | Sell | 12092025 | 181.73 | 350,000 | 63,604,065 | 1,281,131,795 | Form | |
| 35 | Seawell, A Brooke | Administrative Trust | Sell | 12042025 | 183.93 | 12,728 | Form | |||
| 36 | Dabiri, John | Direct | Sell | 11262025 | 179.42 | 626 | 112,317 | 3,192,241 | Form | |
| 37 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 11052025 | 208.33 | 27,640 | 5,758,257 | 589,184,237 | Form |
| 38 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 11052025 | 208.33 | 10,000 | 2,083,307 | 25,637,172 | Form |
| 39 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 11052025 | 208.33 | 10,000 | 2,083,306 | 156,859,158 | Form |
| 40 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10312025 | 207.91 | 25,000 | 5,197,790 | 14,498,342,411 | Form |
| 41 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10282025 | 195.54 | 25,000 | 4,888,535 | 13,640,617,644 | Form |
| 42 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10282025 | 190.73 | 25,000 | 4,768,182 | 13,309,561,796 | Form |
| 43 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10282025 | 185.35 | 75,000 | 13,901,544 | 12,939,224,349 | Form |
| 44 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10232025 | 181.80 | 75,000 | 13,635,063 | 12,704,825,415 | Form |
| 45 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10232025 | 179.91 | 75,000 | 13,493,288 | 12,586,215,469 | Form |
| 46 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 10232025 | 181.42 | 27,640 | 5,014,328 | 518,079,827 | Form |
| 47 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 10232025 | 181.42 | 10,000 | 1,814,157 | 24,139,172 | Form |
| 48 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 10232025 | 181.42 | 10,000 | 1,814,156 | 138,408,121 | Form |
| 49 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10232025 | 181.41 | 75,000 | 13,606,049 | 12,705,002,559 | Form |
| 50 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10202025 | 183.38 | 75,000 | 13,753,151 | 12,856,116,475 | Form |
| 51 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10202025 | 182.31 | 75,000 | 13,673,240 | 12,795,090,611 | Form |
| 52 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10202025 | 181.76 | 75,000 | 13,632,010 | 12,770,140,804 | Form |
| 53 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10152025 | 181.01 | 75,000 | 13,575,880 | 12,731,134,941 | Form |
| 54 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10152025 | 181.92 | 75,000 | 13,644,305 | 12,808,947,064 | Form |
| 55 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10152025 | 188.25 | 75,000 | 14,118,378 | 13,268,113,081 | Form |
| 56 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10102025 | 190.20 | 75,000 | 14,264,674 | 13,419,863,572 | Form |
| 57 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10102025 | 193.22 | 75,000 | 14,491,149 | 13,647,417,176 | Form |
| 58 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10102025 | 188.39 | 75,000 | 14,129,278 | 13,320,744,763 | Form |
| 59 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10072025 | 186.48 | 75,000 | 13,986,018 | 13,199,668,594 | Form |
| 60 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10072025 | 185.79 | 75,000 | 13,934,390 | 13,164,877,814 | Form |
| 61 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10072025 | 188.40 | 75,000 | 14,130,231 | 13,364,033,567 | Form |
| 62 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10022025 | 189.32 | 75,000 | 14,199,274 | 13,443,532,145 | Form |
| 63 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10022025 | 186.61 | 75,000 | 13,995,480 | 13,264,580,200 | Form |
| 64 | Huang, Jen Hsun | President and CEO | Direct | Sell | 10022025 | 185.31 | 75,000 | 13,898,548 | 13,186,608,871 | Form |
| 65 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9292025 | 182.34 | 75,000 | 13,675,415 | 12,988,581,220 | Form |
| 66 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9292025 | 176.96 | 75,000 | 13,272,108 | 12,618,802,515 | Form |
| 67 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9292025 | 177.15 | 75,000 | 13,286,198 | 12,645,484,793 | Form |
| 68 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9242025 | 177.60 | 75,000 | 13,320,009 | 12,690,985,011 | Form |
| 69 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9242025 | 179.48 | 75,000 | 13,460,870 | 12,838,655,038 | Form |
| 70 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9242025 | 179.01 | 75,000 | 13,425,474 | 12,818,321,241 | Form |
| 71 | Drell, Persis | The Welch-Drell 2009 Revocable Trust | Sell | 9232025 | 177.65 | 40,000 | 7,106,120 | 24,647,577 | Form | |
| 72 | Stevens, Mark A | Trust | Sell | 9232025 | 176.39 | 350,000 | 61,737,305 | 1,305,268,271 | Form | |
| 73 | Jones, Harvey C | H.C. Jones Living Trust | Sell | 9222025 | 176.21 | 250,000 | 44,053,700 | 1,265,800,249 | Form | |
| 74 | Robertson, Donald F JR | Principal Accounting Officer | Direct | Sell | 9192025 | 176.37 | 3,500 | 617,298 | 80,573,281 | Form |
| 75 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 9192025 | 176.40 | 30,500 | 5,380,183 | 508,630,538 | Form |
| 76 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 9192025 | 176.40 | 10,000 | 1,763,995 | 25,235,706 | Form |
| 77 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 9192025 | 176.40 | 10,000 | 1,763,994 | 136,345,084 | Form |
| 78 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9192025 | 176.42 | 75,000 | 13,231,586 | 12,646,432,400 | Form |
| 79 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9192025 | 175.69 | 75,000 | 13,177,125 | 12,607,557,409 | Form |
| 80 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9192025 | 170.30 | 75,000 | 12,772,838 | 12,233,518,447 | Form |
| 81 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9162025 | 175.68 | 75,000 | 13,176,267 | 12,640,145,431 | Form |
| 82 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9162025 | 176.57 | 75,000 | 13,242,958 | 12,717,365,726 | Form |
| 83 | Neal, Stephen C | The Neal/Rhyu Revocable Trust dated 5/2/2017 | Sell | 9162025 | 177.58 | 28,000 | 4,972,344 | 25,467,278 | Form | |
| 84 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9162025 | 177.72 | 75,000 | 13,329,006 | 12,813,327,606 | Form |
| 85 | Stevens, Mark A | Trust | Sell | 9152025 | 178.19 | 297,797 | 53,064,418 | 1,380,936,622 | Form | |
| 86 | Stevens, Mark A | Trust | Sell | 9152025 | 177.47 | 200,000 | 35,494,020 | 1,428,208,377 | Form | |
| 87 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9112025 | 177.69 | 75,000 | 13,326,447 | 12,824,193,709 | Form |
| 88 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9112025 | 177.57 | 75,000 | 13,317,962 | 12,829,346,607 | Form |
| 89 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9112025 | 168.52 | 75,000 | 12,639,334 | 12,188,255,542 | Form |
| 90 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9082025 | 169.71 | 75,000 | 12,728,128 | 12,286,608,761 | Form |
| 91 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9082025 | 166.47 | 75,000 | 12,485,261 | 12,064,652,152 | Form |
| 92 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9082025 | 170.68 | 75,000 | 12,800,957 | 12,382,513,902 | Form |
| 93 | Hudson, Dawn E | Direct | Sell | 9042025 | 172.00 | 18,000 | 3,096,000 | 63,448,564 | Form | |
| 94 | Hudson, Dawn E | Direct | Sell | 9042025 | 170.63 | 72,000 | 12,285,065 | 66,012,943 | Form | |
| 95 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9032025 | 170.69 | 75,000 | 12,801,717 | 12,396,050,223 | Form |
| 96 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9032025 | 169.65 | 75,000 | 12,723,419 | 12,332,956,887 | Form |
| 97 | Huang, Jen Hsun | President and CEO | Direct | Sell | 9032025 | 174.46 | 75,000 | 13,084,531 | 12,696,071,448 | Form |
| 98 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8182025 | 179.76 | 75,000 | 13,482,287 | 13,095,476,058 | Form |
| 99 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8182025 | 181.82 | 75,000 | 13,636,256 | 13,258,663,933 | Form |
| 100 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8132025 | 181.38 | 75,000 | 13,603,815 | 13,240,725,078 | Form |
| 101 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8132025 | 182.01 | 75,000 | 13,650,506 | 13,299,820,009 | Form |
| 102 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8132025 | 182.74 | 75,000 | 13,705,213 | 13,366,826,325 | Form |
| 103 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8082025 | 182.38 | 75,000 | 13,678,621 | 13,354,569,819 | Form |
| 104 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8082025 | 181.30 | 75,000 | 13,597,693 | 13,289,157,132 | Form |
| 105 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8082025 | 178.42 | 75,000 | 13,381,240 | 13,090,996,200 | Form |
| 106 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 8062025 | 178.06 | 27,640 | 4,921,456 | 526,488,225 | Form |
| 107 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 8062025 | 178.06 | 10,000 | 1,780,555 | 27,253,181 | Form |
| 108 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 8062025 | 178.06 | 10,000 | 1,780,555 | 139,405,725 | Form |
| 109 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8052025 | 178.24 | 75,000 | 13,367,986 | 13,091,398,102 | Form |
| 110 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8052025 | 178.16 | 75,000 | 13,362,129 | 13,099,024,675 | Form |
| 111 | Huang, Jen Hsun | President and CEO | Direct | Sell | 8052025 | 174.00 | 75,000 | 13,049,778 | 12,805,873,476 | Form |
| 112 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7312025 | 179.94 | 75,000 | 13,495,365 | 13,256,627,492 | Form |
| 113 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7312025 | 178.74 | 75,000 | 13,405,475 | 13,181,733,210 | Form |
| 114 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7312025 | 177.06 | 75,000 | 13,279,434 | 13,071,074,838 | Form |
| 115 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7282025 | 175.22 | 75,000 | 13,141,830 | 12,948,771,718 | Form |
| 116 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7282025 | 173.88 | 75,000 | 13,041,334 | 12,862,793,433 | Form |
| 117 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7282025 | 172.96 | 75,000 | 12,971,847 | 12,807,229,746 | Form |
| 118 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7232025 | 169.54 | 75,000 | 12,715,423 | 12,566,775,694 | Form |
| 119 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7232025 | 167.65 | 75,000 | 12,574,020 | 12,439,599,258 | Form |
| 120 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7232025 | 172.42 | 75,000 | 12,931,301 | 12,805,992,491 | Form |
| 121 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7182025 | 172.52 | 75,000 | 12,938,765 | 12,826,322,858 | Form |
| 122 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7182025 | 173.05 | 75,000 | 12,978,797 | 12,878,985,664 | Form |
| 123 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7182025 | 170.59 | 75,000 | 12,794,200 | 12,708,602,947 | Form |
| 124 | Kress, Colette | EVP & Chief Financial Officer | Direct | Sell | 7172025 | 170.89 | 27,650 | 4,724,971 | 510,009,118 | Form |
| 125 | Kress, Colette | EVP & Chief Financial Officer | Trust | Sell | 7172025 | 170.88 | 10,000 | 1,708,850 | 27,864,507 | Form |
| 126 | Kress, Colette | EVP & Chief Financial Officer | Limited Liability Company | Sell | 7172025 | 170.88 | 10,000 | 1,708,850 | 135,500,501 | Form |
| 127 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7152025 | 170.89 | 75,000 | 12,816,805 | 12,743,872,834 | Form |
| 128 | Seawell, A Brooke | Administrative Trust | Sell | 7152025 | 163.96 | 48,792 | 7,999,924 | 283,564,761 | Form | |
| 129 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7152025 | 164.36 | 75,000 | 12,327,082 | 12,269,264,015 | Form |
| 130 | Seawell, A Brooke | Administrative Trust | Sell | 7152025 | 166.28 | 48,112 | 7,999,983 | 295,687,752 | Form | |
| 131 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7152025 | 166.00 | 75,000 | 12,450,159 | 12,404,213,811 | Form |
| 132 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7102025 | 163.26 | 75,000 | 12,244,385 | 12,211,443,250 | Form |
| 133 | Seawell, A Brooke | Administrative Trust | Sell | 7102025 | 162.83 | 49,131 | 7,999,868 | 297,384,829 | Form | |
| 134 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7102025 | 163.11 | 75,000 | 12,233,616 | 12,212,936,834 | Form |
| 135 | Seawell, A Brooke | Administrative Trust | Sell | 7102025 | 163.36 | 48,971 | 7,999,963 | 306,386,101 | Form | |
| 136 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7102025 | 159.36 | 75,000 | 11,952,013 | 11,943,761,854 | Form |
| 137 | Seawell, A Brooke | Administrative Trust | Sell | 7102025 | 159.05 | 50,300 | 7,999,967 | 306,079,698 | Form | |
| 138 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7072025 | 158.35 | 75,000 | 11,876,160 | 11,879,837,339 | Form |
| 139 | Seawell, A Brooke | Administrative Trust | Sell | 7072025 | 158.37 | 50,514 | 7,999,871 | 312,745,324 | Form | |
| 140 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7072025 | 159.32 | 75,000 | 11,948,717 | 11,964,366,069 | Form |
| 141 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7072025 | 156.39 | 75,000 | 11,729,115 | 11,756,205,742 | Form |
| 142 | Seawell, A Brooke | Administrative Trust | Sell | 7072025 | 155.61 | 51,411 | 7,999,918 | 315,150,821 | Form | |
| 143 | Seawell, A Brooke | Administrative Trust | Sell | 7012025 | 154.62 | 51,740 | 7,999,955 | 243,788,203 | Form | |
| 144 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7012025 | 154.27 | 75,000 | 11,570,584 | 11,608,878,855 | Form |
| 145 | Seawell, A Brooke | Administrative Trust | Sell | 7012025 | 157.13 | 50,912 | 7,999,893 | 255,881,084 | Form | |
| 146 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7012025 | 157.53 | 75,000 | 11,815,013 | 11,865,932,220 | Form |
| 147 | Huang, Jen Hsun | President and CEO | Direct | Sell | 7012025 | 157.02 | 75,000 | 11,776,126 | 11,838,653,022 | Form |
Investor Activity (13F)
Updated Jul 16, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Golden Unicorn (BVI) Ltd | $413.1 Mil | 59.3% | 4 | Hold | 13F |
| M & L Capital Management Ltd | $204.2 Mil | 50.2% | 19 | Hold | 13F |
| Palidye Holdings (Caymans) Ltd | $257.9 Mil | 47.8% | 15 | ADD +73.8% | 13F |
| Ketron Financial | $124.0 Mil | 44.4% | 55 | Hold | 13F |
| Mindset Wealth Management, LLC | $165.0 Mil | 44.3% | 176 | Hold | 13F |
| Westwood Wealth Management | $98.3 Mil | 38.6% | 42 | New | 13F |
| Nelson Capital Management, LLC | $284.3 Mil | 34.7% | 108 | Hold | 13F |
| Hoey Investments, Inc | $232.9 Mil | 34.4% | 416 | Hold | 13F |
| Lynch Asset Management, Inc. | $93.9 Mil | 31.5% | 51 | Hold | 13F |
| Clear Street Group Inc. | $5.5 Bil | 31.1% | 1065 | Hold | 13F |
| Trybe Capital Management LP | $136.2 Mil | 30.8% | 6 | Hold | 13F |
| IronBridge Private Wealth, LLC | $94.0 Mil | 30.3% | 78 | Hold | 13F |
| Builder Investment Group Inc /Adv | $137.0 Mil | 29.7% | 101 | Hold | 13F |
| Altimeter Capital Management, LP | $1.6 Bil | 28.6% | 13 | ADD +15.3% | 13F |
| Voyager Global Management LP | $819.7 Mil | 27.9% | 8 | ADD +22.1% | 13F |
| Once Capital Management, LLC | $98.0 Mil | 26.2% | 22 | Hold | 13F |
| KLCM Advisors, Inc. | $261.5 Mil | 22.8% | 256 | Hold | 13F |
| Belvedere Trading LLC | $163.8 Mil | 21.9% | 227 | New | 13F |
| BSN CAPITAL PARTNERS Ltd | $463.5 Mil | 21.8% | 41 | New | 13F |
| Matthew 25 Management Corp | $65.6 Mil | 21.8% | 20 | TRIM -11.5% | 13F |
| Dragoneer Investment Group, LLC | $650.2 Mil | 21.7% | 17 | New | 13F |
| Franchise GP Ltd | $56.9 Mil | 20.9% | 36 | ADD +158.3% | 13F |
| Yarbrough Capital, LLC | $569.0 Mil | 19.9% | 85 | Hold | 13F |
| MayTech Global Investments, LLC | $162.6 Mil | 19.8% | 23 | Hold | 13F |
| Oriental Harbor Investment Master Fund | $224.2 Mil | 19.8% | 12 | Hold | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Dragoneer Investment Group, LLC | $650.2 Mil | 21.7% | 17 | New | 13F |
| Scge Management, L.P. | $529.1 Mil | 16.0% | 21 | New | 13F |
| BSN CAPITAL PARTNERS Ltd | $463.5 Mil | 21.8% | 41 | New | 13F |
| Quintet Private Bank (Europe) S.A. | $222.0 Mil | 14.9% | 187 | New | 13F |
| Belvedere Trading LLC | $163.8 Mil | 21.9% | 227 | New | 13F |
| Westwood Wealth Management | $98.3 Mil | 38.6% | 42 | New | 13F |
| Towarzystwo Funduszy Inwestycyjnych Pzu SA | $49.2 Mil | 16.5% | 687 | New | 13F |
| Franchise GP Ltd | $56.9 Mil | 20.9% | 36 | ADD +158.3% | 13F |
| Palidye Holdings (Caymans) Ltd | $257.9 Mil | 47.8% | 15 | ADD +73.8% | 13F |
| Voyager Global Management LP | $819.7 Mil | 27.9% | 8 | ADD +22.1% | 13F |
| Altimeter Capital Management, LP | $1.6 Bil | 28.6% | 13 | ADD +15.3% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| RK Capital Management, LLC/FL | $829.5 Mil | 51.4% | 20 | Exited | Dec 31, 2025 | 13F |
| Cantor Fitzgerald, L. P. | $559.6 Mil | 16.7% | 159 | Exited | Dec 31, 2025 | 13F |
| Cable Car Capital, LP | $414.0 Mil | 25.7% | 107 | Exited | Dec 31, 2025 | 13F |
| Himension Capital (Singapore) PTE. LTD. | $282.4 Mil | 17.4% | 95 | Exited | Dec 31, 2025 | 13F |
| Traynor Capital Management, Inc. | $266.8 Mil | 14.7% | 327 | Exited | Dec 31, 2025 | 13F |
| Harbour Trust & Investment Management Co | $151.8 Mil | 15.5% | 286 | Exited | Dec 31, 2025 | 13F |
| Institute for Wealth Management, LLC. | $140.5 Mil | 14.9% | 538 | Exited | Dec 31, 2025 | 13F |
| Marathon Trading Investment Management LLC | $131.6 Mil | 15.7% | 233 | Exited | Dec 31, 2025 | 13F |
| CFM Wealth Partners LLC | $101.9 Mil | 14.7% | 144 | Exited | Dec 31, 2025 | 13F |
| Quarry LP | $93.6 Mil | 15.3% | 2064 | Exited | Dec 31, 2025 | 13F |
| Austin Asset Management Co Inc | $91.9 Mil | 15.1% | 76 | Exited | Dec 31, 2025 | 13F |
| Oak Grove Capital LLC | $81.1 Mil | 16.1% | 74 | Exited | Dec 31, 2025 | 13F |
| Berkshire Capital Holdings Inc | $73.1 Mil | 24.2% | 109 | Exited | Dec 31, 2025 | 13F |
| Ariose Capital Management Ltd | $60.7 Mil | 20.3% | 14 | Exited | Dec 31, 2025 | 13F |
| Proem Advisors LLC | $43.8 Mil | 14.8% | 28 | Exited | Dec 31, 2025 | 13F |
| Weiss Asset Management LP | $973.4 Mil | 17.9% | 472 | TRIM -16.0% | Mar 31, 2026 | 13F |
| Matthew 25 Management Corp | $65.6 Mil | 21.8% | 20 | TRIM -11.5% | Mar 31, 2026 | 13F |
| Bender Robert & Associates | $77.7 Mil | 18.6% | 45 | TRIM -6.2% | Mar 31, 2026 | 13F |
| DSM Capital Partners LLC | $908.3 Mil | 16.1% | 44 | TRIM -5.7% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Clear Street Group Inc. | $5.5 Bil | 31.1% | 1065 | Hold | 13F |
| Altimeter Capital Management, LP | $1.6 Bil | 28.6% | 13 | ADD +15.3% | 13F |
| Weiss Asset Management LP | $973.4 Mil | 17.9% | 472 | TRIM -16.0% | 13F |
| DSM Capital Partners LLC | $908.3 Mil | 16.1% | 44 | TRIM -5.7% | 13F |
| Voyager Global Management LP | $819.7 Mil | 27.9% | 8 | ADD +22.1% | 13F |
| Dragoneer Investment Group, LLC | $650.2 Mil | 21.7% | 17 | New | 13F |
| Yarbrough Capital, LLC | $569.0 Mil | 19.9% | 85 | Hold | 13F |
| Scge Management, L.P. | $529.1 Mil | 16.0% | 21 | New | 13F |
| BSN CAPITAL PARTNERS Ltd | $463.5 Mil | 21.8% | 41 | New | 13F |
| Golden Unicorn (BVI) Ltd | $413.1 Mil | 59.3% | 4 | Hold | 13F |
| Nelson Capital Management, LLC | $284.3 Mil | 34.7% | 108 | Hold | 13F |
| KLCM Advisors, Inc. | $261.5 Mil | 22.8% | 256 | Hold | 13F |
| Palidye Holdings (Caymans) Ltd | $257.9 Mil | 47.8% | 15 | ADD +73.8% | 13F |
| Hoey Investments, Inc | $232.9 Mil | 34.4% | 416 | Hold | 13F |
| Oriental Harbor Investment Master Fund | $224.2 Mil | 19.8% | 12 | Hold | 13F |
| Quintet Private Bank (Europe) S.A. | $222.0 Mil | 14.9% | 187 | New | 13F |
| M & L Capital Management Ltd | $204.2 Mil | 50.2% | 19 | Hold | 13F |
| Dock Street Asset Management Inc | $176.6 Mil | 18.6% | 58 | Hold | 13F |
| Mindset Wealth Management, LLC | $165.0 Mil | 44.3% | 176 | Hold | 13F |
| Belvedere Trading LLC | $163.8 Mil | 21.9% | 227 | New | 13F |
| MayTech Global Investments, LLC | $162.6 Mil | 19.8% | 23 | Hold | 13F |
| Prime Capital Management Co Ltd | $154.2 Mil | 17.3% | 7 | Hold | 13F |
| Builder Investment Group Inc /Adv | $137.0 Mil | 29.7% | 101 | Hold | 13F |
| Trybe Capital Management LP | $136.2 Mil | 30.8% | 6 | Hold | 13F |
| Ketron Financial | $124.0 Mil | 44.4% | 55 | Hold | 13F |
NVDA Trade Sentinel
Stock Conviction
High Conviction
CONVICTION RATIONALE
Conviction is high as NVIDIA's core Data Center business is accelerating, with 92% year-over-year growth. Management's visibility has doubled, now forecasting $1 trillion in revenue from its next two platforms through 2027. The company's full-stack platform and CUDA software ecosystem with 7.5 million developers create a defensible position against competitors.
STOCK ARCHETYPE
Picks & Shovels Infrastructure ProviderRevenue = (Number of AI infrastructure deployments) x (Value per deployment, which is increasing with system complexity) Maintaining technology leadership through an annual product cadence and full-stack optimization, which allows the company to capture a significant share of the value in each AI factory build-out, sustaining high gross margins.
Looking for high-conviction positions with a better risk/reward profile? See what's currently in the
Trefis High Quality Portfolio.
INVESTMENT THESIS
Evidence suggests yes. The company is capturing the AI infrastructure build-out with accelerating growth and expanding long-term visibility.
Mechanism:
Dominating the $3-4 trillion annual AI infrastructure market by maintaining technology leadership, which supports 74.1% gross margins and massive cash flow.
Supporting Evidence:
- Data Center revenue growth accelerated to 92% year-over-year in the latest quarter.
- Management foresees $1 trillion in revenue from Blackwell and Rubin platforms through calendar 2027.
- The CUDA software platform has a growing ecosystem of over 7.5 million developers.
- Gross margin is 74.1%, significantly higher than key competitors.
PRIMARY RISK
Extreme customer concentration and a massive inventory build create vulnerability. If hyperscaler spending pauses, a sharp deceleration and inventory write-downs could follow, similar to the prior $4.5 billion H20 charge.
Mechanism:
A material miss on quarterly revenue guidance would confirm the demand peak is in.
Supporting Evidence:
- Three direct customers accounted for 21%, 17%, and 16% of total revenue last quarter.
- Inventory grew 127.6% year-over-year, outpacing revenue growth of 85.2%.
- The company was 'effectively foreclosed' from China's data center market by U.S. export controls.
- Competitors are gaining some traction with large customers like Meta and OpenAI.
Key KPI Watchlist
| KPI | Status | Rationale |
|---|---|---|
| Data Center Revenue Growth | $75.2 billion for Q1 FY2027 - Accelerating | The year-over-year growth rate has accelerated for three consecutive quarters, from 66% two quarters ago to 75% in the prior quarter, and now 92% in the latest quarter. Sequential growth remains robust and stable. |
| Data Center Networking Revenue | $15 billion for Q1 FY2027 - Decelerating | While the year-over-year growth multiplier has moderated from its peak (3.5x in the prior quarter), the business is still growing at an exceptional rate. Sequential dollar and percentage growth remains strong, indicating sustained momentum in the build-out of NVIDIA's full-stack solutions. |
| Inventory vs. Revenue Growth Divergence | 42.4 percentage points (Q1 FY2027) | A high divergence where inventory grows much faster than revenue can signal a potential mismatch between supply and demand, a key risk factor highlighted by the company. |
Core Investment Debate
Structural Hypergrowth vs. Cyclical Peak
BULL VIEW
Bulls see accelerating 92% Data Center growth and a doubled $1 trillion forward revenue pipeline as proof of a durable, multi-year AI infrastructure build-out.
CORE TENSION
Can accelerating demand, with 92% growth, absorb the 127.6% surge in inventory, which the market punished with a 0.0% post-earnings stock reaction?
PREVAILING SENTIMENT
BULLISH
The latest evidence favors the bull case. Management raised Q2 revenue guidance by 16.7% and doubled its multi-year revenue forecast, directly countering the cyclical peak narrative.
BEAR VIEW
Bears see the massive inventory build, where growth outpaces revenue by 42.4 percentage points, as a sign of a looming cyclical peak and potential write-downs.
Next 6 months: Risks and Catalysts
| Timeline | Event & Metric To Watch |
|---|---|
7/29/2026 | Qualcomm Earnings Report Watch: Peer Qualcomm (QCOM) is scheduled to report earnings. |
8/25/2026 | Product Transition Execution Watch: Commentary on the Q2 earnings call regarding Rubin ramp yields, costs, or any delays. |
8/25/2026 | NVIDIA Earnings Report Watch: NVIDIA is scheduled to report its next quarterly earnings. |
8/26/2026 | Marvell Technology Earnings Report Watch: Peer Marvell Technology (MRVL) is scheduled to report earnings. |
11/2/2026 | Peer Competitive Ramp Watch: AMD's Data Center segment growth and AI accelerator revenue guidance on its next earnings call. |
after a two-year transitional period | EU AI Act Compliance Watch: Company disclosures on compliance costs or changes to EU business strategy around the August 2026 timeframe. |
No set date | New Export Control Rules Watch: Announcements from the U.S. Department of Commerce regarding new semiconductor export regulations. |
after a two-year transitional period | EU AI Act Compliance Deadline Watch: The EU AI Act is expected to become fully applicable after a two-year transitional period that began on August 1, 2024. |
Key Events in Last 6 Months
| Date | Event | Stock Impact |
|---|---|---|
2026-06-08 | Major UK AI Infrastructure Deal Details: AI cloud company Nebius announced it is investing approximately £1.7 billion to build out three new deployments of NVIDIA infrastructure in the UK. | +1.5% $205.10 -> $208.19 |
2026-05-20 | Dividend and Buyback Increased Details: The company increased its quarterly dividend from $0.01 to $0.25 per share and announced an additional $80 billion share repurchase authorization. | -0.5% $220.35 -> $219.25 |
2026-05-20 | Reported Q1 FY27 Results Details: The company reported record revenue of $82 billion, up 85% year-over-year. Guidance for Q2 revenue was raised by 16.7%. | -0.5% $220.35 -> $219.25 |
2026-04-19 | Vera Rubin Platform Milestone Details: SK hynix began mass production of 192GB SOCAMM2 memory, which is specifically "designed for the NVIDIA Vera Rubin platform," signaling supply chain readiness for the next architecture. | +1.9% $198.12 -> $201.82 |
2026-03-16 | Physical AI Ecosystem Expansion Details: STMicroelectronics announced it would integrate its sensors and microcontrollers with NVIDIA's robotics ecosystem to accelerate the development of humanoid robots and other physical AI systems. | +0.9% $180.04 -> $181.72 |
2026-02-25 | Reported Q4 FY26 Results Details: The company reported Q4 revenue of $68 billion, up 73% year-over-year. The stock had a two-day reaction of -4.0% versus 0.0% for the S&P 500. | -4.1% $192.62 -> $184.66 |
2026-01-19 | Blackwell B300 Servers Acquired Details: Bitzero Holdings announced its acquisition of NVIDIA Blackwell B300 GPU servers to launch an AI compute pilot, marking an early adoption of the next-generation platform. | -4.8% $186.82 -> $177.85 |
Risk Management
Position Sizing
4% - 6%
NORMAL POSITION
Sizing is volatility-based: NVDA trades at roughly 40% annualized options-implied volatility versus about 13% for the S&P 500 (3.1x the market), around the 71st percentile of its own trailing year. A 4% - 6% position keeps a single-name swing of that size within a diversified portfolio's risk budget.
Diversification Alternatives
AMD - Advanced Micro Devices, Inc.
Price-Performance ChallengerAMD offers exposure to the AI build-out with a lower-margin structure, positioning it to capture cost-conscious customers. It provides diversification into the server CPU market where it expects over 70% growth.
Core Thesis: A bet on a credible second-source player gaining share in both AI accelerators and server CPUs.
INTC - Intel Corporation
Incumbent TurnaroundIntel offers a counter-narrative where the CPU remains the 'indispensable foundation of the AI era'. It also has its own fabrication facilities, providing supply chain control that NVIDIA lacks.
Core Thesis: A value-oriented play on the established leader in CPUs reasserting its relevance in the AI data center.
How Is The Market Pricing NVDA?
NVIDIA is not a chip company; it is the sole-source enabler of the AI industrial revolution, selling complete, data-center-scale 'AI factories' where compute capacity directly translates to customer revenue.
NVIDIA has established a defensible moat through its full-stack platform, centered on the CUDA architecture, which has become the industry standard for AI development. The company's annual product cadence and 'extreme co-design' approach across hardware and software deliver generational performance leaps that outpace Moore's Law. This strategy allows it to capture a significant portion of the value in the multi-trillion-dollar AI infrastructure build-out.
What will confirm the thesis
Announcements of new, large-scale AI factory deployments by major cloud or sovereign customers; continued performance leadership in MLPerf benchmarks; expansion of the CUDA developer ecosystem.
What will damage the thesis
Evidence of a major customer successfully deploying a competitive, non-NVIDIA AI accelerator at scale; significant tightening of export controls that further restrict sales of high-end products; a slowdown in hyperscaler capex growth.
Noise: Real but irrelevant to thesis
Short-term stock price volatility; individual news about a single competitor's product announcement without evidence of large-scale customer adoption.
Repricing Catalyst
The rapid ramp of the Blackwell platform and the upcoming Rubin platform, which are expected to drive significant revenue growth and solidify the company's leadership in the next wave of agentic and physical AI.
What NVDA Makes & Who Pays
TTM figures based on fiscal year 2026 filings (the latest reported segment data)
Compute & Networking
$193.5B TTM (90% of Total) · 67% MarginWhat It Is
Sells Data Center accelerated computing platforms (GPUs, CPUs, DPUs, NVLink), networking solutions (InfiniBand, Ethernet), AI software (NVIDIA AI Enterprise), and Automotive platforms (DRIVE) to cloud providers, AI model makers, enterprises, and public sector entities.
Who Pays & How
Cloud service providers, enterprises, and governments write the check to build 'AI factories' for training and deploying AI models. They choose NVIDIA for its full-stack, integrated platform that delivers the industry's lowest cost per token and highest performance per watt, which translates directly to revenue in power-constrained data centers.
Unit sales of components and increasingly complex, higher-value rack-scale systems. Also includes software licensing.
Competition
Advanced Micro Devices (AMD), Intel, and large cloud service companies with internal design teams (e.g., Google, Amazon, Microsoft).
Some competitors have their own fabrication facilities, larger customer bases, or greater financial resources. Cloud providers can develop their own in-house solutions.
A unified, programmable architecture (CUDA) with a vast ecosystem of developers and applications, combined with a full-stack, 'extreme co-design' approach across chips, systems, networking, and software that delivers superior performance and total cost of ownership.
Graphics
$22.5B TTM (10% of Total) · 41% MarginWhat It Is
Sells GeForce GPUs for gaming PCs and laptops, the GeForce NOW cloud gaming service, and NVIDIA RTX GPUs for enterprise workstations used in professional visualization.
Who Pays & How
PC gamers, creators, and professionals (artists, designers, engineers) pay for GPUs to power immersive gaming experiences and accelerate creative and design workflows. Enterprises pay for workstation-class GPUs to develop and deploy AI applications on-premises.
Unit sales of discrete GPUs and add-in boards sold through a partner network of manufacturers, distributors, and system integrators.
Competition
Advanced Micro Devices (AMD) and Intel.
Competitors may offer products that are cheaper or have different features.
Technology leadership in real-time ray tracing (RTX) and AI-powered graphics (DLSS), supported by a strong brand and deep relationships with the software and game development community.
NVDA Evolution: Price Return by Era
1999 · Pioneering PC Graphics
The company's invention of the GPU in 1999 sparked the growth of the PC gaming market and redefined computer graphics, establishing its initial core business in the Graphics segment.
2006 · Opening the GPU for Accelerated Computing
+94%
With the introduction of the CUDA programming model in 2006, NVIDIA opened the parallel processing capabilities of its GPUs to a wide range of scientific and compute-intensive applications, laying the groundwork for the AI revolution.
2023-Present · The AI Factory Era
+1,383%
Following the launch of ChatGPT, NVIDIA transitioned into a data center-scale AI infrastructure company. Its business model shifted to providing full-stack, rack-scale systems for building 'AI factories', causing its Compute & Networking segment revenue to grow exponentially.
Market Is In Wait-and-See Mode
Price structure is strongly bullish. The regime, trend, and proximity to highs all point towards intact institutional trend. Relative to SPY: Mild underperformance and fading; relative trend is a headwind for the thesis. Volume and momentum show mild distribution. The selling pressure is present but not overwhelming. Earnings history is clearly negative. The market punished the print and the drift confirms distribution. Thesis is under pressure. NOTE: Structure and earnings history are contradicting each other. The price trend says one thing, and the market reaction to catalysts says another. Treat this with caution and weigh the most recent earnings event heavily.
① Structure
+3
Structural pillar score (-4 to +4). Driven by trend regime, SMA cross events, proximity to 52W high, and relative strength vs SPY.
② Volume / Momentum
-1
Volume/Momentum pillar score (-4 to +4). Driven by institutional footprint score, OBV divergence, and momentum character.
③ Catalyst
-2
Catalyst pillar score (-4 to +4). Driven by earnings day reaction, 20D post-earnings drift, and post-earnings volume character.
Combined Score
0 / 12
1
Price Structure & Trend
Trending Up · -
▾
2
Momentum
Decelerating
▾
3
Relative Strength vs. SPY
Neutral Relative Strength
▾
4
Institutional Footprint & Volume
Mild Distribution
▾
5
Volatility
Normal
▾
6
Key Price Levels
Range · Vol Flat
▾
7
Earnings Reaction History
Consistent Pressure
▾
8
How the Verdict Is Derived
Three Pillars
▾
NVIDIA — Investor Video Playlist
Products & Services
COMPUTEX 2026 | NVIDIA Keynote | Extreme Co-Design: Building the AI Factory
Products & Services
Dell Technologies World 2026 Keynote | May 18–21 | Las Vegas
Products & Services
Announcing NVIDIA RTX Spark | GTC Taipei 2026 Keynote by CEO Jensen Huang
Products & Services
Introducing NVIDIA Nemotron 3 Ultra
Products & Services
Introducing NVIDIA Cosmos 3: The Open Model That Thinks, Generates, and Acts
Leadership
NVIDIA GTC Taipei 2026 Keynote | Full Replay
Investor / Analyst
Nvidia Q1 FY27 Earnings Call | $NVDA | 🔴 WATCH LIVE
Leadership
NVIDIA GTC Keynote 2026
Leadership
CEO Fireside Chat With Jensen Huang and Pascal Daloz at Dassault Systèmes 3DEXPERIENCE World
Products & Services
NVIDIA at CES 2026: Automotive Announcements Shaping the Future of Mobility
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Semiconductors Resources |
| EE Times |
| Semiconductor Engineering |
| Semiconductor Digest |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 7/15/2026