NVIDIA (NASDAQ:NVDA) Trading Up 6% - Time to Buy?

Key Points

• Shares of NVIDIA were up about 6% intraday
• Bullish catalysts include a multiyear partnership with Corning (a $500M warrant-style capital injection to build three U.S. optical factories) and strong ecosystem demand (Anthropic/SpaceX GPU access and a reported $9.8B AI lease), while analysts have been raising targets and the consensus price target sits around $275.25.
• Key risks include growing competition (Google selling TPUs direct), short-term sentiment/earnings risk ahead of NVIDIA’s next report, and notable insider selling (906,336 shares worth ~$162.8M over the last 90 days).

Shares of NVIDIA Corporation (NASDAQ:NVDA - Get Free Report) shot up 6% during mid-day trading on Wednesday . The company traded as high as $208.27 and last traded at $208.2030. 185,184,874 shares changed hands during trading, an increase of 8% from the average session volume of 171,469,203 shares. The stock had previously closed at $196.50.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Major strategic deal with Corning: NVIDIA agreed to a large, multiyear partnership and a $500M warrant-style capital injection to scale U.S. optical connectivity capacity (three new factories). That reduces a key infrastructure bottleneck for hyperscale GPU clusters and de‑risks NVDA’s supply chain for high‑bandwidth systems. NVIDIA and Corning Announce Long-Term Partnership
• Positive Sentiment: Market tailwind: Nasdaq and S&P 500 hit new highs on easing geopolitical risk and lower oil, lifting demand sentiment for high‑beta AI leaders like NVDA and supporting broader buying. Nasdaq, S&P 500 Hit New Highs as Iran Deal Prospects Brighten
• Positive Sentiment: Strong ecosystem demand signals: Anthropic’s deal to tap SpaceX compute (access to >220,000 NVIDIA GPUs) and infrastructure deals being signed to NVIDIA specs point to near‑term capacity tightness and continued GPU pull through across cloud/AI providers. These deals imply sustained demand for NVDA hardware and software stack. Anthropic Secures SpaceX Compute Ahead of June IPO
• Positive Sentiment: Ecosystem wins & dedicated buildouts: A reported $9.8B AI lease for a data‑center campus built to NVIDIA specs signals hyperscaler/private cloud customers are locking capacity tailored for NVIDIA architecture — another demand confirmation for future GPU sales. Hut 8 Shares Rise 30% on $9.8B AI Lease
• Positive Sentiment: Analyst/positioning support: Banks and institutions have been raising targets and adding exposure to NVDA, which can amplify rallies and reduce seller concentration into news-driven moves. DBS Bank Raises PT on NVIDIA
• Neutral Sentiment: Macro/earnings context: U.S. corporate earnings aggregates are near record quarterly levels, supporting a favorable backdrop for tech profits — helpful but not NVDA‑specific. Record Earnings Expected in 2026 Q1
• Negative Sentiment: Competitive and structural risks: Google pushing TPUs direct to customers and broader chip‑packaging/EMIB discussions highlight longer‑term competitive threats and architectural alternatives that could erode some of NVIDIA’s market share or margin premium over time. Google Moves to Sell TPUs Directly
• Negative Sentiment: Short‑term sentiment risk: Prediction markets and some commentators show bearish positioning into month‑end or near earnings, meaning momentum reversals are possible if guidance or supply commentary disappoints (NVDA reports next earnings in May). Crypto markets predict Nvidia stock price for May 31, 2026

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. Mizuho set a $275.00 price target on NVIDIA and gave the stock an "outperform" rating in a report on Friday, January 9th. BNP Paribas Exane increased their price target on NVIDIA from $260.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. William Blair set a $300.00 price target on NVIDIA in a report on Thursday, March 12th. Evercore reiterated an "outperform" rating on shares of NVIDIA in a report on Tuesday, January 6th. Finally, Wall Street Zen downgraded NVIDIA from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 26th. Four analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Buy" and a consensus target price of $275.25.

NVIDIA Stock Performance

The company has a market cap of $5.06 trillion, a P/E ratio of 42.49, a PEG ratio of 0.65 and a beta of 2.25. The firm has a 50 day moving average of $186.88 and a 200-day moving average of $186.30. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company had revenue of $68.13 billion for the quarter, compared to analysts' expectations of $65.56 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. NVIDIA's revenue was up 73.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 7.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is 0.82%.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares of the company's stock, valued at $550,130,190.75. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the transaction, the director directly owned 36,007 shares in the company, valued at approximately $6,362,796.97. This trade represents a 34.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 906,336 shares of company stock valued at $162,802,518 over the last 90 days. 4.17% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Several hedge funds and other institutional investors have recently bought and sold shares of NVDA. Brighton Jones LLC boosted its position in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after acquiring an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE boosted its position in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC boosted its position in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. boosted its position in shares of NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after purchasing an additional 896 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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