By Zev Fima
Publication Date: 2026-08-17 20:07:00
Nvidia’s stock is showing signs of life ahead of earnings next week. The move is justified and should have more room to go. Shares of Nvidia on Monday closed around $225 a share for the second session in a row — a closing level that previously hadn’t been since mid-May. It’s a sign that market sentiment toward the leading AI chipmaker has warmed following a chilly reception for much of this year. Among the reasons for the change: Nvidia’s increased financial support for key customers is looking less risky than initially feared, and a new financing initiative should make funding the AI buildout more attainable. Plus, new details on the blistering revenue growth of OpenAI and Anthropic — big users of Nvidia chips — bodes well for their ability to keep spending on compute in the future. Nvidia’s recent advance has now pushed its year-to-date gains north of 20%, outperforming the tech-heavy Nasdaq Composite , which is up about 15%, and the S & P 500 , which has climbed about 13%. “I think [Nvidia] can continue to climb,” Jim Cramer said on Monday’s Morning Meeting. The company will release its fiscal 2027 second-quarter results next Wednesday, Aug. 26. To be sure, Nvidia’s multiweek rally coincides with a broader comeback in the AI infrastructure trade after the forced unwind of the Situational Awareness hedge fund. From the recent market bottom on July 29, Nvidia shares are up about 18%, versus the iShares Semiconductor ETF’s 2% advance and the VanEck Semiconductor…
