NVDA Stock Rebounds 1.95% to $208.63 With AMD Reporting…
By Tobi Opeyemi Amure
AI summary of the source article
Nvidia stock rose 1.95% to $208.63, lifting its market capitalization to $5.02 trillion following a prior sector drop. Meanwhile, Melius Research lowered its price target on the company to $315 from $420 while maintaining a Buy rating.
Why it matters
AMD’s print lands two weeks before Nvidia’s and will be read as a proxy for data-center demand, so NVDA stock carries AMD’s result before Nvidia reports anything itself.
Key facts
- Nvidia shares rebounded 1.95% to $208.63, bringing its market capitalization to $5.02 trillion.
- Melius Research cut its price target on Nvidia by $105 to $315 while maintaining a Buy rating.
- Nvidia reports Q3 fiscal 2027 results on 17 November, with consensus at $2.47 EPS on $108.80 billion in revenue.
Source excerpt · FinanceFeeds
NVDA stock traded at $208.63 on Monday afternoon, up $3.99 or 1.95%, recovering part of Friday’s fall to $204.64. Market capitalization stands at $5.02 trillion, putting Nvidia back within touching distance of Apple, which closed Friday worth about $5.03 trillion against Nvidia’s $4.93 trillion. Melius Research lowered its target to $315 from $420 on Monday while keeping its Buy rating, a cut of $…