Nvidia’s stock hits May record as quarterly revenue jumps 41 percent
Nvidia’s stock reached a new record of $237.87 on October 2, surpassing its May 14 peak of $236.54, despite the company’s share price remaining nearly unchanged since then. The chipmaker’s market capitalization now stands at approximately $5.7 trillion, yet its business has grown significantly: revenue for the fiscal second quarter of 2027 ($96.2 billion) marked a 41% increase over the $68.1…
Key points
- Nvidia’s stock hit **$237.87** on October 2, matching its May 14 record of **$236.54** despite unchanged share price since then
- Quarterly revenue surged **41%** to **$96.2 billion** in Q2 2027, with data center revenue at **$89.0 billion**—over **90% of total**
- Adjusted earnings per share rose **40%** to **$2.22**, and Nvidia guided for **$108 billion** in Q3 revenue, a **59% increase**
The author notes that while the stock’s price-to-earnings ratio has improved—dropping from 51x at the May record to 34x—growth is decelerating sequentially (18% in Q2 vs. 20% in Q1). The article warns that AI data center spending cycles could impact valuations, though the author argues the stock is now a better value than in May, citing stronger earnings growth.
Nvidia Stock Is Back at Its May Record. Its Quarterly Revenue Is 41% Higher.
fool.com · 2 October 2026
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