Nvidia ( (NVDA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Nvidia (NASDAQ: NVDA) has been riding a wave of positive developments, leading to a remarkable 94% stock surge since April. The lifting of export restrictions to China, significant hyperscaler capex spending, and strategic deals in the Middle East and Europe have fueled this growth. As the company approaches its Q2 FY 2026 earnings report on August 27, investors are keen to see if the results will meet the high expectations. Notably, investor Bohdan Kucheriavyi remains bullish, arguing that Nvidia’s stock is still undervalued despite the recent rally. He cites the return of Chinese sales and strong performances from key partners like ASML and TSMC as reasons for continued optimism.
In a significant boost, the U.S. Commerce Department has begun issuing licenses for Nvidia to export its H20 chips to China, a move expected to enhance the company’s revenue. This development follows a meeting between Nvidia’s CEO Jensen Huang and U.S. President Donald Trump, which resulted in a reversal of the previous export ban. With the AI market booming and Nvidia’s strategic positioning, Wall Street maintains a Strong Buy consensus on the stock. Analysts project a 47% year-over-year growth in earnings per share and a 52.3% increase in revenue for the upcoming quarter, reflecting the company’s robust market position and growth potential.