NVIDIA Corporation (NVDA) Releases its FQ2 2026 Results

NVIDIA Corporation (NASDAQ:NVDA) is one of the Stocks That Will Make You Rich In 5 Years. On August 27, NVIDIA Corporation (NASDAQ:NVDA) released results for its fiscal second quarter of 2026. Wall Street is bullish on the stock as the company exceeded consensus for revenue and EPS by $609.1 million and $0.04, respectively. The analysts’ 12-month average price target of $200 reflects a 10.13% upside from current levels. Following the release, on August 28, Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a $212 price target. Management noted that the fiscal second quarter growth was driven by data center revenue, which reached $41.1 billion after growing 56% year-over-year. Looking ahead, the company expects fiscal third quarter revenue of around $54.0 billion, plus/minus 2%, with GAAP gross margins of around 73.3%. NVIDIA Corporation (NASDAQ:NVDA) is a computing company that focuses on accelerated computing and advanced graphics. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.