Updated 28 October 2026. Nvidia (NVDA) closed at $217.94 on Tuesday 27 October, up $1.94 or 0.90 percent, and lagged a 1.18 percent gain in the Nasdaq Composite as AMD, Marvell and Broadcom led the chip rally (Gotrade, citing Yahoo Finance and Nasdaq.com). Verdict: today is the setup day. The Fed decides at 2 pm ET, and Microsoft and Alphabet report after the close – the first two of the hyperscalers whose capital spending is Nvidia’s revenue line. Reference levels: $190 below, $243 above.
Key facts
- Price: NVDA closed at $217.94 on 27 October, up 0.90 percent, after opening at $218.31 and trading between $215.53 and $219.19. Volume was 84.8 million shares, about 18.7 percent below the 30-day average of 104.3 million. Market value is about $5.25 trillion (Gotrade, citing Yahoo Finance and Nasdaq.com).
- The sector: the Nasdaq Composite rose 1.18 percent to 26,477.81 and the S&P 500 0.60 percent to 7,722.60; AMD gained 5.45 percent, Marvell 4.19 percent, Broadcom 4.00 percent and TSMC 2.95 percent (Yahoo Finance).
- Meta stake: Nvidia said on 26 October it will invest $3 billion in Meta’s equity offering and expand work on the Muse model family. Meta plans to raise up to $95 billion, starting with $35 billion of common and preferred stock. The investment is subject to closing conditions (Nvidia; Yahoo Finance).
- Oracle: on 27 October Nvidia and Oracle said Vera Rubin NVL72 systems and Vera CPUs are generally available on Oracle Cloud Infrastructure (Nvidia newsroom).
- Tonight: Alphabet and Microsoft report after the close on 28 October (The Daily Upside). Microsoft guided Azure growth of 44 to 45 percent in constant currency after 43 percent growth to $37.8 billion last quarter; Google Cloud revenue rose 82 percent to $24.8 billion in the second quarter.
- Fundamentals: Nvidia’s fiscal second-quarter revenue was $96.2 billion, up 106 percent, and it guided the third quarter to $108 billion assuming no China data-centre compute revenue (The Motley Fool via Yahoo Finance).
- Analysts: the average 12-month target of 62 analysts is $328.95, with a range of $180 to $515, rated Strong Buy (StockAnalysis, S&P Global data). Morgan Stanley named Nvidia its top semiconductor pick on 2 October with a $300 target.
Why tonight matters more than the Fed
A Fed hold at 3.75 percent to 4.00 percent is priced at about 93 percent (CME FedWatch via FXStreet). What is not priced is the next leg of AI spending. In July Alphabet raised its 2026 capital expenditure guidance to $195 billion to $205 billion and warned 2027 spending would rise significantly; the stock fell about 7 percent on the news (Zacks via Yahoo Finance). Yorkville Ives estimates hyperscalers will spend more than $800 billion on AI this year, while Gartner warns AI revenue will not support profitable returns on all of it (The Daily Upside). Nvidia trades between those two views.
The pattern this month has been that financing headlines drive the stock: the SpaceX GPU debt and the Anthropic IPO filing lifted it on Monday, as covered on Tuesday’s NVDA page, and Meta’s offering – which Nvidia, AMD and Broadcom are buying into, as set out in our Meta offering analysis – kept the AI trade funded. Tonight’s numbers show whether the biggest spenders are still adding. Our Nasdaq preview lays out the Microsoft, Alphabet and Amazon calendar.
The risks
China is shrinking as a market: IDC data cited by The Motley Fool show data-centre AI chip shipments to China fell 44 percent year on year in the first half of 2026, and Nvidia took a $400 million charge for excess H200 inventory and commitments. A hawkish Fed would also hit long-duration growth stocks first, with the 10-year Treasury yield already at 4.99 percent (Yahoo Finance).
NVDA this week: bull, base and bear
| Scenario | NVDA | What has to happen | Anchor |
|---|---|---|---|
| Bear | $190 | Microsoft or Alphabet trims capex plans, or Warsh signals more hikes and yields push past 5 percent. | The 29 July close of $190.01, about 12.8 percent below Tuesday’s $217.94 (Yahoo Finance). |
| Base | $211-$225 | Capex holds near guidance and the Fed holds; the stock trades sideways into Amazon on Thursday. | Last Friday’s $210.96 close to just above Tuesday’s $219.19 high. |
| Bull | $243 | Both hyperscalers raise spending plans and Azure and Google Cloud beat, sending the AI trade back to its highs. | The $243.37 record of 6 October, about 11.7 percent above Tuesday’s close. |
The bear case sits below Tuesday’s close. These are reference levels measured from the verified close, not forecasts; the analyst average of $328.95 is a 12-month target.
What to watch
- Wednesday 28 October, 2 pm ET: the Fed decision, then Chair Kevin Warsh’s press conference at 2:30 pm.
- Wednesday after the close: Alphabet and Microsoft results – capex guidance, Azure and Google Cloud growth.
- Thursday 29 October: Amazon results, September PCE and third-quarter GDP.
- Meta deal: closing of Nvidia’s $3 billion investment.
Quick take: Nvidia closed at $217.94 on Tuesday, up 0.9 percent but behind the chip rally. The Fed decision at 2 pm ET is priced as a hold; the real test is Microsoft and Alphabet capex after the close. Expect $211-$225 if spending holds near guidance. Higher capex plans reopen the $243 record; a cut opens $190.
FAQ
What is Nvidia’s stock price today?
Nvidia closed at $217.94 on Tuesday 27 October 2026, up $1.94 or 0.90 percent (Yahoo Finance; Nasdaq.com).
Why does Microsoft and Alphabet earnings matter for Nvidia?
Both are among Nvidia’s largest customers. Their capital spending plans, reported after the close on 28 October, signal how many AI chips they intend to buy next year.
Is Nvidia investing in Meta?
Yes. Nvidia said on 26 October it will invest $3 billion in Meta’s equity offering, subject to closing conditions (Nvidia).
What is the price target for Nvidia stock?
The average 12-month target of 62 analysts is $328.95, with a low of $180 and a high of $515 (StockAnalysis). Morgan Stanley has a $300 target.
What is Nvidia’s all-time high?
Nvidia’s record is $243.37, set intraday on 6 October 2026. Tuesday’s close was about 10.5 percent below it.
When does Nvidia report earnings next?
Nvidia has guided its fiscal third quarter to $108 billion in revenue; the company typically reports that quarter in late November.
Sources: Gotrade citing Yahoo Finance and Nasdaq.com (27 October close, range, volume, market value, sector moves); Nvidia newsroom (Meta investment, 26 October; Oracle Vera Rubin availability, 27 October); Yahoo Finance (Meta offering size, 10-year yield, 29 July close); The Daily Upside (report timing, Azure and Google Cloud figures, Yorkville Ives and Gartner views, 26 October); Zacks via Yahoo Finance (Alphabet 2026 capex guidance); The Motley Fool via Yahoo Finance (Nvidia results and guidance, IDC China data, H200 charge); StockAnalysis (analyst consensus); FXStreet citing CME FedWatch (Fed odds).
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.