Nvidia Stock Nears 52-Week Highs, Investors Weigh Holding or Taking Profits

Nvidia's stock price has reached near 52-week highs, sparking questions about whether to lock in gains or hold for more. According to data from September 2026, Nvidia trades around 1.3% below its 52-week high of $236.54, while fair value indicates a potential 20.1% upside.

Earnings estimates are rising, with consensus EPS increasing by 5.60% over the past 90 days and revenue estimates rising by 5.95%. The company's Q2 revenue reached $96.20B, beating expectations by 6.73%, and Nvidia has a strong growth curve, with revenue increasing from $26.97B in fiscal 2023 to $215.94B in fiscal 2026.

However, valuation is no longer cheap, with the trailing P/E at 28.6x as of July 31, 2026, leaving less room for execution mistakes. Long-term momentum is stretched, with a monthly RSI of 72.7 and a monthly ADX near 40 confirming a strong trend.

Investors are advised to hold their core position but manage concentration levels due to the stock's high valuation and overbought conditions. For investors with an oversized position, reducing exposure gradually may be prudent.