Nvidia stock gains as CEO projects chip sales to double by 2027

Published on 09/18/2026 at 14:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nvidia stock closed at USD 219.34 on Nasdaq on September 17, 2026, up 2.5 percent after CEO Jensen Huang forecast that chip sales could double by 2027. The latest Q2 2026 results showed revenue surging 106 percent to USD 96.2 billion year over year.

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Nvidia Corporation stock (ISIN US67066G1040) closed at USD 219.34 on Nasdaq on September 17, 2026, rising 2.5 percent from the prior close of USD 213.90 as investors reacted to fresh guidance on future chip demand from CEO Jensen Huang.

CEO outlook lifts Nvidia stock

As TradingKey reported on September 18, 2026, Jensen Huang told investors that Nvidia expects its chip sales to double by 2027, driven by strong artificial intelligence demand and data center investments.

According to MoneyMorning on September 18, 2026, Nvidia shares rose about 2.5 percent in the latest session referenced in the article after Huang's comments on doubling chip sales, helping lead a broader rebound in technology stocks.

As of the last completed trading day on September 17, 2026, data from a price overview based on Yahoo Finance show Nvidia closing at USD 219.34 on Nasdaq, with the gain of 2.5 percent reversing a pullback that had been underway since September 8, 2026.

Strong Q2 2026 results underpin the rally

The positive reaction to the CEO's outlook builds on already exceptional fundamentals. According to Jornal Economico, Nvidia's latest results for the second quarter of 2026, released on August 26, 2026, showed revenue jumping 106 percent year over year to USD 96.2 billion.

In the same Q2 2026 report, net income increased 126 percent compared with the prior-year quarter to USD 59.6 billion, while operating profit climbed 124 percent to USD 63.7 billion, underscoring the profitability of Nvidia's AI-focused product mix.

The Q2 2026 results also highlighted a substantial improvement in margins. As Jornal Economico noted, Nvidia's gross margin rose by 2.6 percentage points to 75 percent in Q2 2026, and diluted earnings per share increased 128 percent year over year to USD 2.46, reflecting both volume growth and pricing power.

For investors, these figures mean that Nvidia is not just growing quickly, but also converting that growth into cash and earnings at a rate that is unusual even in the high-margin semiconductor industry. A revenue increase of 106 percent combined with a 126 percent rise in net income suggests that scalability effects are amplifying profitability as AI workloads expand.

Analysts maintain ambitious price targets

Analyst sentiment remains broadly supportive of Nvidia's trajectory. According to MarketBeat on September 17, 2026, the consensus rating on Nvidia is Buy, with an average analyst price target of USD 324.34.

In a recent example cited by MarketBeat, Citigroup reiterated its Buy rating on Nvidia and raised its price target from USD 300.00 to USD 315.00 in a report dated August 27, 2026, aligning with the broader view that earnings momentum and AI demand justify higher valuation assumptions.

Other investment banks share a similar stance. According to MarketBeat, The Goldman Sachs Group recently reissued a Buy rating on Nvidia in a report dated September 10, 2026, contributing to an overall analyst mix that includes three Strong Buy recommendations, fifty Buy ratings and two Hold ratings.

For shareholders, the combination of a consensus target of USD 324.34 and a current closing price of USD 219.34 on September 17, 2026, implies that analysts on average see more than 47 percent upside potential from current levels, assuming Nvidia can deliver on its guidance and CEO projections.

Market positioning and valuation context

Beyond price targets, recent market commentary has focused on Nvidia's valuation relative to other large AI and semiconductor names. As The Motley Fool wrote on September 17, 2026, Nvidia is seen as a leading AI chipmaker and is currently trading at USD 219.34, with the article suggesting that the stock appears cheaper than some rivals such as Broadcom and AMD based on certain valuation metrics.

According to NimbusCalc on September 18, 2026, the stock market was closed on September 18, 2026, and thus the most recent closing price for Nvidia remains the September 17, 2026 close at USD 219.34.

In that same period, trading volume reached about 92.3 million shares on September 17, 2026, according to MarketBeat, which is roughly 41 percent below the average session volume of 156.2 million shares, indicating that the price move occurred on somewhat lighter trading than usual.

While the precise 52-week high and low are not highlighted in the week-filtered sources, the combination of a USD 219.34 closing price, double-digit earnings growth and elevated analyst targets suggests that Nvidia remains in the upper part of its multi-year trading range, supported by expectations that AI chip demand will continue to expand.

Dividend and cash returns to shareholders

Nvidia's shareholder remuneration policy adds another dimension to the investment case. According to MarketBeat, Nvidia recently announced a quarterly dividend of USD 0.25 per share, to be paid on October 1, 2026, to shareholders of record as of September 10, 2026.

On an annualized basis, the dividend amounts to USD 1.00 per share, corresponding to a yield of about 0.5 percent at the September 17, 2026 closing price of USD 219.34, and a dividend payout ratio of 12.64 percent of earnings, leaving ample room for reinvestment in growth.

For investors focusing on total return, the modest cash yield is secondary to the growth story, but it still signals confidence in future cash flows and provides a tangible benefit alongside capital gains if Nvidia can sustain its trajectory.

Risks and execution challenges

Despite the strong numbers and optimistic guidance, there are risks that investors must consider. As TradingKey pointed out, the projection that chip sales will double by 2027 assumes that AI and data center demand remain robust and that competitors do not erode Nvidia's market share more aggressively than expected.

In addition, the same analysis noted that Nvidia shares could challenge the USD 320 level if the story plays out, but such a scenario would depend on continued delivery of triple-digit revenue growth and high margins, leaving the stock vulnerable to any slowdown in enterprise AI spending or regulatory pressures on data-intensive businesses.

Macro factors also play a role. According to Reuters on September 18, 2026, Nasdaq futures were leading Wall Street gains as easing oil prices helped temper inflation concerns, with Nvidia up about 1 percent in futures trading, indicating that the stock is sensitive to broader market sentiment around interest rates and growth.

Stock level and investor takeaway

As of the last completed trading day on September 17, 2026, Nvidia stock closed at USD 219.34 on Nasdaq, up 2.5 percent from the prior close and supported by the CEO's projection that chip sales could double by 2027 and by very strong Q2 2026 earnings figures.