Nvidia Stock Poised for a Strong September
Nvidia's (NVDA) stock has underperformed the semiconductor sector index so far in 2026, gaining just 16% compared to the 62% spike in the PHLX Semiconductor Sector index.
However, its shares received a boost after the release of its fiscal 2027 second-quarter results on August 26. The stock jumped nearly 9% driven by better-than-expected results and impressive guidance.
Nvidia's post-earnings momentum is expected to sustain in September with a potential year-over-year increase of 89% in revenue for the current quarter, pointing towards $108 billion revenue forecast.
The company expects its robust growth momentum to continue beyond the current quarter, with CFO Colette Kress noting on the latest earnings call: 'We expect to grow revenue by approximately 70% in fiscal 2028. This is a supply constrained outlook.'