Nvidia Stock Hits Record High as Revenue Surges 41%

Nvidia's stock has finally reached its May record price of $236.54, surpassing it by a fraction to hit $237.87 on Friday, October 2.

The company's revenue grew significantly from $68.1 billion in the fiscal fourth quarter of 2026 to $96.2 billion in the fiscal second quarter of 2027, marking a 41% increase.

Nvidia's management expects its revenue for the fiscal third quarter to reach around $108 billion, a 59% increase from the previous quarter.

Despite this growth, some analysts warn that the stock may be overvalued at its current price-to-earnings ratio of 34, which is lower than it was in May when the share price was higher.