
NVIDIA Corporation
- What it sells
- Data Center is 90% of revenue (fiscal year to Jan 2026), up from 78% two years earlier.
- Growing?
- Yes: revenue up 106% on a year earlier (quarter ended Jul 2026); earnings per share up 125% over the last four quarters.
- Expensive?
- Cheaper than usual: 21.0× trailing earnings; its lowest in five years. Priced 27% below the peer median of 28.6x (excludes 1 unprofitable peer).
- Analysts?
- 94% of 62 say buy; average 12-month target $326, 96% above today's price.
- Risky?
- Swingier than most large companies: its price swung 39% over the past year (the S&P 500's 14%), and it fell as much as 66% since Nov 2021.
NVIDIA designs GPUs and accelerated computing platforms spanning Data Center, Gaming (GeForce), Professional Visualization (RTX), and Automotive/Edge; it monetizes primarily through chip and system sales (often via OEMs/partners) plus growing software and services such as NVIDIA AI Enterprise and NVIDIA NIM.
More about NVIDIA
Market Position
NVIDIA is a leading provider of GPU-accelerated AI infrastructure, differentiated by its tightly integrated hardware + software stack (e.g., CUDA ecosystem and optimized libraries) and scale in high-performance AI training/inference platforms.
Key Segments
NVIDIA reports two primary segments: Compute & Networking (including data center accelerated computing platforms, networking, automotive, Jetson/embedded, and AI software) and Graphics (including GeForce gaming and RTX professional/workstation graphics), plus an All Other category for certain corporate items.
How has the stock done?
Over the past month NVDA fell 26.6%; the semiconductor ETF (SMH) fell 15.1% and the S&P 500 fell 2.7%. 3 Congress filings by portfolios that hold it fall in this period.
Over the past six months NVDA fell 24.7%; the semiconductor ETF (SMH) fell 10.6% and the S&P 500 rose 2.6%. 6 Congress filings by portfolios that hold it fall in this period.
Over the past year NVDA fell 14.2%; the semiconductor ETF (SMH) rose 41.1% and the S&P 500 rose 10.8%. 6 Congress filings by portfolios that hold it fall in this period.
Over five years NVDA rose 446.9%; the semiconductor ETF (SMH) rose 233.3% and the S&P 500 rose 62.0%. 6 Congress filings by portfolios that hold it fall in this period.
From Nov 29, 2021 to Oct 14, 2022, the deepest drop from a high since Nov 2021
How much the price swings in a year; the S&P 500's was 14%
When the S&P 500 moves 1%, the stock has moved about 1.8% the same way
Show the Congress filings
| Filed | Portfolio | NVDA in the filing | Latest trade in filing | NVDA share |
|---|---|---|---|---|
| Nov 6, 2026 | Nancy Pelosi | No NVDA trade in it | Oct 7, 2026 | 15.0% |
| Nov 5, 2026 | Dan Meuser | Sold $1,001–$15,000 on Sep 25 (part of the holding) | Sep 25, 2026 | 55.4% |
| Oct 22, 2026 | Cleo Fields | Bought 3 times on Oct 1, $3,003–$45,000 in all | Oct 9, 2026 | 46.8% |
| Aug 13, 2026 | Thomas Suozzi | Annual report: held $2,000,002–$10,000,000 in all across 2 entries at the end of 2025 | — | 81.6% |
| Aug 13, 2026 | Rob Bresnahan | Annual report: held $515,002–$1,050,000 in all across 2 entries at the end of 2025 | — | 17.9% |
| Aug 11, 2026 | James Comer | Annual report: held $15,001–$50,000 at the end of 2025 | — | 9.1% |
Show the earnings releases
| Released | Quarter | Revenue | EPS vs estimate | Stock, day after | 5 days after |
|---|---|---|---|---|---|
| Aug 26, 2026 | ended Jul 2026 | $96.2B (+106% vs a year earlier) | $2.22 vs $2.09 (beat) | +7.0% | +5.3% |
| May 20, 2026 | ended Apr 2026 | $81.6B (+85% vs a year earlier) | $1.87 vs $1.77 (beat) | −0.5% | −2.9% |
| Feb 25, 2026 | ended Jan 2026 | $68.1B (+73% vs a year earlier) | $1.62 vs $1.54 (beat) | −4.1% | −5.1% |
| Nov 19, 2025 | ended Oct 2025 | $57.0B (+62% vs a year earlier) | $1.30 vs $1.26 (beat) | −0.4% | −0.6% |
| Aug 27, 2025 | ended Jul 2025 | $46.7B (+56% vs a year earlier) | — | −0.9% | −5.6% |
| May 28, 2025 | ended Apr 2025 | $44.1B (+69% vs a year earlier) | — | +2.7% | +4.7% |
| Feb 26, 2025 | ended Jan 2025 | $39.3B (+78% vs a year earlier) | — | −5.1% | −7.4% |
| Nov 20, 2024 | ended Oct 2024 | $35.1B (+94% vs a year earlier) | — | −0.2% | −7.9% |
| Aug 28, 2024 | ended Jul 2024 | $30.0B (+122% vs a year earlier) | — | −8.3% | −16.4% |
| May 22, 2024 | ended Apr 2024 | $26.0B (+262% vs a year earlier) | — | +8.8% | +15.8% |
| Feb 21, 2024 | ended Jan 2024 | $22.1B (+265% vs a year earlier) | — | +13.1% | +11.8% |
| Nov 21, 2023 | ended Oct 2023 | $18.1B (+206% vs a year earlier) | — | −3.4% | −4.5% |
| Aug 23, 2023 | ended Jul 2023 | $13.5B (+101% vs a year earlier) | — | +3.3% | +7.9% |
| May 24, 2023 | ended Apr 2023 | $7.2B (−13% vs a year earlier) | — | +23.8% | +29.6% |
| Feb 22, 2023 | ended Jan 2023 | $6.1B (−21% vs a year earlier) | — | +14.6% | +9.9% |
| Nov 16, 2022 | ended Oct 2022 | $5.9B (−17% vs a year earlier) | — | −5.9% | −0.9% |
| Aug 24, 2022 | ended Jul 2022 | $6.7B (+3% vs a year earlier) | — | +4.3% | −12.1% |
| May 25, 2022 | ended Apr 2022 | $8.3B (+46% vs a year earlier) | — | +10.5% | +21.3% |
| Feb 16, 2022 | ended Jan 2022 | $7.6B (+53% vs a year earlier) | — | −7.5% | −10.4% |
| Nov 17, 2021 | ended Oct 2021 | $7.1B (+50% vs a year earlier) | — | +4.9% | +8.2% |
Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dots on the line: a member of Congress whose Hunch portfolio holds NVDA filed a disclosure; its hover says what the disclosure reports of NVDA: each trade, bought or sold, with the amount range the member filed (the House asks for a range, not the amount), or in an annual report the range of the holding’s value, the ranges of its entries added up (“in all”) where the report lists NVDA more than once, in several accounts or share classes: a sum that bounds the value as the ranges do but is not a range the form offers. An annual report’s row has no latest trade. Filings: the Clerk of the House. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.
Is the business growing?
Revenue was $96.2B in the quarter ended Jul 2026, up 106% from a year earlier.
Show the data
| Quarter ended | Revenue | vs a year earlier |
|---|---|---|
| Oct 2022 | $5.9B | −17% |
| Jan 2023 | $6.1B | −21% |
| Apr 2023 | $7.2B | −13% |
| Jul 2023 | $13.5B | +101% |
| Oct 2023 | $18.1B | +206% |
| Jan 2024 | $22.1B | +265% |
| Apr 2024 | $26.0B | +262% |
| Jul 2024 | $30.0B | +122% |
| Oct 2024 | $35.1B | +94% |
| Jan 2025 | $39.3B | +78% |
| Apr 2025 | $44.1B | +69% |
| Jul 2025 | $46.7B | +56% |
| Oct 2025 | $57.0B | +62% |
| Jan 2026 | $68.1B | +73% |
| Apr 2026 | $81.6B | +85% |
| Jul 2026 | $96.2B | +106% |
Revenue went from $27.0B in FY23 to $215.9B in FY26; net income from $4.4B to $120.1B.
Show the data
| Fiscal year | Revenue | Net income |
|---|---|---|
| FY23 | $27.0B | $4.4B |
| FY24 | $60.9B | $29.8B |
| FY25 | $130.5B | $72.9B |
| FY26 | $215.9B | $120.1B |
In the fiscal year to Jan 2026, Compute was 75% and Networking was 15% of revenue; Compute rose from 64% in the fiscal year to Jan 2024.
Show the data
| Fiscal year | Part | Revenue | Share |
|---|---|---|---|
| FY2024 | Compute | $39.0B | 64% |
| FY2024 | Gaming | $10.4B | 17% |
| FY2024 | Networking | $8.6B | 14% |
| FY2024 | Professional Visualization | $1.6B | 3% |
| FY2024 | Automotive | $1.1B | 2% |
| FY2024 | OEM and Other | $306M | 1% |
| FY2025 | Compute | $102.2B | 78% |
| FY2025 | Networking | $13.0B | 10% |
| FY2025 | Gaming | $11.3B | 9% |
| FY2025 | Professional Visualization | $1.9B | 1% |
| FY2025 | Automotive | $1.7B | 1% |
| FY2025 | OEM and Other | $389M | 0.3% |
| FY2026 | Compute | $162.4B | 75% |
| FY2026 | Networking | $31.4B | 15% |
| FY2026 | Gaming | $16.0B | 7% |
| FY2026 | Professional Visualization | $3.2B | 1% |
| FY2026 | Automotive | $2.3B | 1% |
| FY2026 | OEM and Other | $619M | 0.3% |
In the fiscal year to Jan 2026, United States was 69% and Taiwan was 20% of revenue; United States rose from 52% in the fiscal year to Jan 2024; China (including Hong Kong) was 9%, from 20% in the fiscal year to Jan 2024.
Show the data
| Fiscal year | Part | Revenue | Share |
|---|---|---|---|
| FY2024 | United States | $31.5B | 52% |
| FY2024 | Taiwan | $14.9B | 24% |
| FY2024 | China (including Hong Kong) | $12.3B | 20% |
| FY2024 | Other | $2.1B | 4% |
| FY2025 | United States | $77.5B | 59% |
| FY2025 | China (including Hong Kong) | $25.0B | 19% |
| FY2025 | Taiwan | $23.6B | 18% |
| FY2025 | Other | $4.4B | 3% |
| FY2026 | United States | $149.6B | 69% |
| FY2026 | Taiwan | $42.3B | 20% |
| FY2026 | China (including Hong Kong) | $19.7B | 9% |
| FY2026 | Other | $4.3B | 2% |
A year earlier $1.08
Diluted, from SEC filings
Quarters: NVIDIA Corporation's SEC filings, named by the month they end. Fiscal years: NVIDIA Corporation's annual reports to the SEC.
How it makes money
Of every $100 in revenue, $55.6 ends up as net income. Net margin rose from 16.2% to 55.6% over the past 3 years.
Show the data
| Quarter ended | Gross | Operating | Net |
|---|---|---|---|
| Oct 2022 | 53.6% | 10.1% | 11.5% |
| Jan 2023 | 63.3% | 20.8% | 23.4% |
| Apr 2023 | 64.6% | 29.8% | 28.4% |
| Jul 2023 | 70.1% | 50.3% | 45.8% |
| Oct 2023 | 74.0% | 57.5% | 51.0% |
| Jan 2024 | 76.0% | 61.6% | 55.6% |
| Apr 2024 | 78.4% | 64.9% | 57.1% |
| Jul 2024 | 75.1% | 62.1% | 55.3% |
| Oct 2024 | 74.6% | 62.3% | 55.0% |
| Jan 2025 | 73.0% | 61.1% | 56.2% |
| Apr 2025 | 60.5% | 49.1% | 42.6% |
| Jul 2025 | 72.4% | 60.8% | 56.5% |
| Oct 2025 | 73.4% | 63.2% | 56.0% |
| Jan 2026 | 75.0% | 65.0% | 63.1% |
| Apr 2026 | 74.9% | 65.6% | 71.5% |
| Jul 2026 | 75.0% | 66.2% | 62.0% |
Circled: Apr 2026 (net 71.5%, operating 65.6%). Net margin is usually about 5 points below operating margin; in that quarter something below operating income (a tax charge or benefit, a gain or loss on investments, a write-down) moved it, not the business itself.
+14.1 pts over 3 years
+44.7 pts over 3 years
+39.4 pts over 3 years
Each margin is that line of the income statement divided by revenue. Fiscal year: NVIDIA Corporation's annual reports to the SEC; quarters: SEC filings.
Where it is in the chip cycle
Gross margin 75.0% and steady for 3 quarters; inventory at 125 days, up from 113 a year earlier; capital spending 2.4% of revenue over the last 4 quarters.
Show the data
| Period | Inventory days |
|---|---|
| FY23 | 162 |
| FY24 | 116 |
| FY25 | 113 |
| FY26 | 125 |
How many days of sales are sitting in stock. Rising inventory days often come before a downturn: chips are being made faster than they sell.
Show the data
| Period | Capital spending |
|---|---|
| Jul ’25 | 4.1% |
| Oct ’25 | 2.9% |
| Jan ’26 | 1.9% |
| Apr ’26 | 2.2% |
| Jul ’26 | 2.8% |
Money put into factories and equipment. Heavy spending late in an upswing can leave the industry with too much capacity when demand cools.
Gross margin by fiscal quarter, from SEC filings. Inventory days: year-end inventory over that year's cost of revenue, times 365.
Customers and suppliers
In its latest annual report NVIDIA buys from TSMC, Samsung, SK hynix and 5 more; two customers it does not name account for 22% and 14% of its revenue. Since then its 8-K filings name SB Energy as a partner (Aug 17, 2026). Dell Technologies’s Supplier List for fiscal 2025 names NVIDIA as a supplier. Oracle’s earnings release for the second quarter of fiscal 2026 names NVIDIA as a supplier.
Their suppliers
Suppliers
Customers
Their customers
NVIDIA's 10-Q for the quarter to Jul 2026 gives one customer's share of its revenue: Revenue Customer 1 (16%).
Show the filings' numbers
| Period | Customer | Share of revenue | Filing |
|---|---|---|---|
| Quarter ended Oct 2024 | Customer Five | 12% | 10-Q filed Nov 19, 2025 |
| Quarter ended Oct 2024 | Customer Four | 12% | 10-Q filed Nov 19, 2025 |
| Quarter ended Oct 2024 | Customer Three | 12% | 10-Q filed Nov 19, 2025 |
| Year ended Jan 2025 | Customer One | 12% | 10-K filed Feb 25, 2026 |
| Year ended Jan 2025 | Customer Two | 11% | 10-K filed Feb 25, 2026 |
| Quarter ended Apr 2025 | Customer One | 16% | 10-Q filed May 20, 2026 |
| Quarter ended Apr 2025 | Customer Two | 14% | 10-Q filed May 20, 2026 |
| Quarter ended Jul 2025 | Revenue Customer 5 | 23% | 10-Q filed Aug 26, 2026 |
| Quarter ended Jul 2025 | Revenue Customer 6 | 16% | 10-Q filed Aug 26, 2026 |
| Quarter ended Oct 2025 | Customer A | 22% | 10-Q filed Nov 19, 2025 |
| Quarter ended Oct 2025 | Customer B | 15% | 10-Q filed Nov 19, 2025 |
| Quarter ended Oct 2025 | Customer C | 13% | 10-Q filed Nov 19, 2025 |
| Quarter ended Oct 2025 | Customer D | 11% | 10-Q filed Nov 19, 2025 |
| Year ended Jan 2026 | Customer One | 22% | 10-K filed Feb 25, 2026 |
| Year ended Jan 2026 | Customer Two | 14% | 10-K filed Feb 25, 2026 |
| Quarter ended Apr 2026 | Customer A | 21% | 10-Q filed May 20, 2026 |
| Quarter ended Apr 2026 | Customer B | 17% | 10-Q filed May 20, 2026 |
| Quarter ended Apr 2026 | Customer C | 16% | 10-Q filed May 20, 2026 |
| Quarter ended Jul 2026 | Revenue Customer 1 | 16% | 10-Q filed Aug 26, 2026 |
From NVIDIA Corporation's 10-Q and 10-K filings (XBRL): each customer whose share of revenue a filing tags, under the filing's own label, so “Customer A” in one filing can be another company in the next; a later filing's figures for a period replace an earlier one's. Rings are fiscal years: a 10-K gives the year, not its fourth quarter.
Partners
Changes since the previous annual report (10-K filed Feb 26, 2025)
Named in other companies’ filings
Show the filing's words
| Company | Role | In the filing's words |
|---|---|---|
| TSMC | supplier | “We utilize foundries, such as Taiwan Semiconductor Manufacturing Company Limited, or TSMC, and Samsung Electronics Co., Ltd., or Samsung, to produce our semiconductor wafers.” |
| Samsung | supplier | “We utilize foundries, such as Taiwan Semiconductor Manufacturing Company Limited, or TSMC, and Samsung Electronics Co., Ltd., or Samsung, to produce our semiconductor wafers. We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.” |
| SK hynix | supplier | “We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.” |
| Micron Technology | supplier | “We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.” |
| Hon Hai Precision Industry | supplier | “We engage with independent subcontractors and contract manufacturers such as Hon Hai Precision Industry Co., Ltd., Wistron Corporation, and Fabrinet to perform assembly, testing and packaging of our final products.” |
| Wistron | supplier | “We engage with independent subcontractors and contract manufacturers such as Hon Hai Precision Industry Co., Ltd., Wistron Corporation, and Fabrinet to perform assembly, testing and packaging of our final products.” |
| Fabrinet | supplier | “We engage with independent subcontractors and contract manufacturers such as Hon Hai Precision Industry Co., Ltd., Wistron Corporation, and Fabrinet to perform assembly, testing and packaging of our final products.” |
| Groq | supplier | “In December 2025, we entered into a non‐exclusive license agreement with Groq, Inc., or Groq, for its language processing unit technology and hired certain Groq employees....Total consideration consists of $13.0 billion paid at closing and $4 billion, inclusive of imputed interest, payable within one year included in Accrued and Other Current Liabilities on our Consolidated Balance Sheets.” |
| One direct customer (unnamed) | customer | “For fiscal year 2026, sales to one direct customer represented 22% of total revenue and sales to another direct customer represented 14% of total revenue, all of which were primarily attributable to the Compute & Networking segment.” |
| Another direct customer (unnamed) | customer | “For fiscal year 2026, sales to one direct customer represented 22% of total revenue and sales to another direct customer represented 14% of total revenue, all of which were primarily attributable to the Compute & Networking segment.” |
| Microsoft | partner | “Under our agreement with Microsoft for the Xbox, if someone makes an offer to purchase at least 30% of our outstanding common stock, Microsoft may have first and last rights of refusal to purchase the stock.” |
| SB Energy (8-K filed Aug 17, 2026) | partner · co-develops with it | “On August 17, 2026, NVIDIA Corporation (“NVIDIA”) announced a multi-year partnership with SB Energy Corp. (collectively with its affiliates, “SB Energy”) to advance the development of the PORTS Technology Campus, a large-scale AI data center campus in Pike County, Ohio (the “Portsmouth Site”)....NVIDIA’s aggregate payment obligation is cumulatively capped at $105 billion for its initial commitment under the Agreements.” |
| BlackBerry (10-K filed Apr 9, 2026) | calls it a partner | “•QNX and NVIDIA announced general availability of NVIDIA DRIVE AGX Thor development kit, integrated with QNX OS for Safety 8 to enable developers to accelerate development of next-generation autonomous drive systems;” |
| Cognizant Technology Solutions (10-K filed Feb 12, 2026) | calls it a partner | “–In addition to our deep institutional learning expertise, we provide cutting edge training through alliances and partnerships with leading organizations, such as Google, Microsoft, Anthropic and NVIDIA.” |
| Coherent (10-K filed Aug 14, 2026) | calls it a customer | “On March 2, 2026, the Company entered into a multi-year strategic agreement with NVIDIA to advance the development of advanced optics technologies, including manufacturing capacity and research and development, to enable next-generation AI infrastructure. The non-exclusive agreement includes a multi-billion-dollar purchase commitment with NVIDIA, as well as future access and capacity rights for advanced laser and optical networking products.” |
| Coherent (10-K filed Aug 14, 2026) | NVIDIA invested in it | “Separately, on March 2, 2026, NVIDIA made a $2 billion investment in the Company, through the purchase of shares of the Company’s Common Stock in a private placement.” |
| CoreWeave (10-K filed Mar 2, 2026) | NVIDIA invested in it | “In January 2026, NVIDIA Corporation invested $2 billion in the Company's Class A common stock at a purchase price of $87.20 per share.” |
| CoreWeave (10-K filed Mar 2, 2026) | calls it a supplier | “For example, as a result of our obligations in our current customer contracts, all of the GPUs used in our infrastructure today are NVIDIA GPUs.” |
| Dell Technologies (Supplier List published Dec 22, 2025) | calls it a supplier | “Nvidia International Inc. | 1F., No. 16, Guangfu N. Rd., Hukou Township, Hsinchu County 303036, Taiwan | Parts / Components | Other direct material suppliers” |
| DigitalOcean Holdings (10-K filed Feb 24, 2026) | calls it a supplier | “In 2025, we released a range of new AI products and platform capabilities, including Gradient® AI GPUs from AMD and NVIDIA, and major enhancements to the Gradient® AI Platform such as VPC support, image and video models, and the Agent Development Kit (“ADK”).” |
| Everpure (10-K filed Mar 25, 2026) | calls it a partner | “Our technology partners include application partners such as VMware, RedHat, Nutanix, Microsoft, Oracle and SAP, cloud partners such as Microsoft Azure, AWS, Google, and IBM, data protection partners such as Commvault, Rubrik and Veeam, and infrastructure partners such as Cisco and NVIDIA.” |
| Hewlett-Packard Enterprise (10-K filed Dec 18, 2025) | co-develops with it | “In the AI space, we have invested in building turn-key integrated systems co-engineered with Nvidia that integrate HPE AI hardware and software technologies with Nvidia technologies to radically increase time to value of generative AI (“GenAI”) capabilities optimized for inferencing, retrieval augmented generation, and model fine-tuning.” |
| Hewlett-Packard Enterprise (10-K filed Dec 18, 2025) | calls it a supplier | “In some instances, our single-source suppliers (e.g., Intel and AMD as suppliers of certain x86 processors Broadcom and others for industry standard Application-Specific Standard Product, or NVIDIA for Graphics Processing Units) are also the single-source suppliers for the entire market; disruptions with these suppliers would result in industry-wide dislocations and therefore would not disproportionately disadvantage us relative to our competitors.” |
| IBM (10-K filed Feb 24, 2026) | calls it a partner | “Finally, to expand client choice and speed in using AI, we strengthened our AI ecosystem through partnerships with NVIDIA, Anthropic, Groq, and AMD.” |
| IREN (10-K filed Aug 27, 2026) | calls it a customer | “In addition, in May 2026 we entered into a five-year cloud services contract with NVIDIA to support its internal AI and research workloads representing approximately $3.4 billion of total contract value.” |
| IREN (10-K filed Aug 27, 2026) | NVIDIA invested in it | “In connection with its arrangements with NVIDIA Corporation (“NVIDIA”) for the supply of GPUs, on May 7, 2026 the Group granted NVIDIA rights to acquire up to 30,000,000 of the Company’s Ordinary shares at an exercise price of $70.00 per share (the “Investment Rights”). The Investment Rights vest and become exercisable in tranches based on the volume of GPUs supplied by NVIDIA to the Group, and expire on May 7, 2031.” |
| IREN (10-K filed Aug 27, 2026) | calls it a supplier | “In particular, we source certain hardware solutions (such as GPUs, networking and storage equipment utilized for AI Cloud Services) from a limited number of suppliers, including NVIDIA, AMD, Dell Technologies, Lenovo, Supermicro, Gigabyte and leading storage and networking providers.” |
| Infleqtion (10-K filed Mar 31, 2026) | co-develops with it | “Advanced Computing Collaborations: We have partnered with NVIDIA in the context of hybrid quantum-classical computing, CML and quantum error correction algorithms.” |
| Intel (10-K filed Jan 23, 2026) | NVIDIA invested in it | “on September 15, 2025, we entered into an agreement with NVIDIA to issue and sell to NVIDIA 215 million shares of our common stock at $23.28 per share for an aggregate cash purchase price of $5.0 billion. The issuance and sale of the shares was completed on December 26, 2025.” |
| Lumentum Holdings (10-K filed Aug 17, 2026) | NVIDIA invested in it | “On March 2, 2026, we completed the issuance and sale of approximately 2.9 million shares of our Series A Convertible Preferred Stock, par value $0.001 per share (the “Preferred Stock”) to NVIDIA Corporation (“NVIDIA”), in a private placement pursuant to a Securities Purchase Agreement. The shares of Preferred Stock were sold at a price of $695.31 per share for an aggregate purchase price of $2.0 billion in cash.” |
| Nebius Group (20-F filed Apr 30, 2026) | NVIDIA invested in it | “On March 11, 2026, we entered into a securities purchase agreement with NVIDIA Corporation (“NVIDIA”), pursuant to which we sold, in a private placement for aggregate gross proceeds of approximately $2 billion, a pre-funded Class A shares purchase warrant (the “Warrant”), exercisable to purchase an aggregate of 21,065,936 Class A shares, nominal value €0.01 per share (the “Warrant Shares”), at a purchase price of $0.0001 per Class A share, subject to certain adjustments in accordance with the terms of the Warrant.” |
| Nebius Group (20-F filed Apr 30, 2026) | calls it a supplier | “We currently rely on Nvidia for the GPU chips we use and on a limited number of other suppliers for other key components in our infrastructure.” |
| Oracle (earnings release published Dec 10, 2025) | calls it a supplier | “We are now committed to a policy of chip neutrality where we work closely with all our CPU and GPU suppliers. Of course, we will continue to buy the latest GPUs from NVIDIA, but we need to be prepared and able to deploy whatever chips our customers want to buy.” |
| SK hynix (424B4 filed Jul 10, 2026) | calls it a customer | “In June 2026, we announced a technology partnership with NVIDIA Corporation (“NVIDIA”) to advance next-generation memory aligned with NVIDIA’s AI infrastructure roadmap, which also includes the supply of memory semiconductors.” |
| SK hynix (424B4 filed Jul 10, 2026) | co-develops with it | “In June 2026, we announced a technology partnership with NVIDIA Corporation (“NVIDIA”) to advance next-generation memory aligned with NVIDIA’s AI infrastructure roadmap, which also includes the supply of memory semiconductors. The two companies expect to collaborate on memory technology for NVIDIA’s platforms such as Vera Rubin AI supercomputers, Vera CPUs, RTX Spark-owered PCs and Jetson Thor robotic computing platforms.” |
| Super Micro Computer (10-K filed Aug 31, 2026) | co-develops with it | “We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development....We work closely with their respective development teams to enhance system performance and reduce system-level issues.” |
| Super Micro Computer (10-K filed Aug 31, 2026) | calls it a supplier | “Much of our research and development activity relates to the new product cycles of leading processor vendors. We work closely with NVIDIA, Intel and AMD, among others, to develop products that are compatible with the latest generation of industry-standard technologies under development.” |
| Vertiv Holdings (10-K filed Feb 13, 2026) | co-develops with it | “Our partnership with NVIDIA supports the development of advanced power and thermal infrastructure aligned with next-generation AI and high-performance computing architectures, while our collaboration with Oklo reflects exploration of alternative energy solutions that could support future data center power requirements.” |
| WhiteFiber (10-K filed Mar 26, 2026) | distribution deal with it | “For example, we have a co-marketing agreement in place with NVIDIA as a function of being a NVIDIA Preferred Partner through the NPN and with Hewlett Packard Enterprise, as a function of being accepted into their partnership program.” |
| WhiteFiber (10-K filed Mar 26, 2026) | calls it a supplier | “Maintaining key supplier relationships is crucial to our business operations, as we rely on these relationships, such as with Dell, NVIDIA, Hewlett Packard Enterprise, Super Micro and Quanta Computing, to secure GPUs, servers, essential computing hardware, infrastructure components, and other materials.” |
| Zoom Communications (10-K filed Feb 27, 2026) | calls it a supplier | “Zoom’s federated approach allows its tech stack to dynamically select from multiple AI models, including those from OpenAI, Anthropic, and NVIDIA, making AI accessible and affordable so that more people can incorporate it in their day-to-day workflows.” |
Only the companies NVIDIA names in its 10-K filed Feb 25, 2026 (SEC) and in the 8-Ks it filed since, each with its date. Named in other companies' filings: those whose own latest annual report or an 8-K since names NVIDIA. The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Also from other documents: Dell Technologies’s Supplier List for fiscal 2025, published Dec 22, 2025 (source); Oracle’s earnings release for the second quarter of fiscal 2026, published Dec 10, 2025 (source). Hover a name for the filing's own words. Customers it does not name are listed as the filing describes them.
Is it expensive?
P/E of 21x, below the peer median of 28.6x, with earnings still growing.
Priced 27% below the peer median of 28.6x (excludes 1 unprofitable peer).
Show the data
| Company | P/E (trailing) |
|---|---|
| AMD · Advanced Micro Devices, Inc. | 127× |
| AVGO · Broadcom Inc. | 46.5× |
| NVDA · NVIDIA Corporation | 21× |
| MU · Micron Technology, Inc. | 10.8× |
| SKHY · SK hynix Inc. | 8.8× |
| INTC · Intel Corporation | Loss |
At 21.0× trailing earnings NVDA is at its lowest in five years; the five-year median is 56.0×.
Show the data
| Date | Trailing P/E |
|---|---|
| Nov 8, 2021 | 110× |
| Feb 8, 2022 | 77.3× |
| May 10, 2022 | 45.7× |
| Aug 10, 2022 | 48.5× |
| Nov 8, 2022 | 47.9× |
| Feb 9, 2023 | 95.1× |
| May 11, 2023 | 168× |
| Aug 11, 2023 | 217× |
| Nov 9, 2023 | 114× |
| Feb 12, 2024 | 95.7× |
| May 13, 2024 | 75.8× |
| Aug 13, 2024 | 67.9× |
| Nov 11, 2024 | 68.2× |
| Feb 13, 2025 | 53.3× |
| May 15, 2025 | 45.7× |
| Aug 15, 2025 | 58.0× |
| Nov 13, 2025 | 53.1× |
| Feb 17, 2026 | 45.8× |
| May 18, 2026 | 45.4× |
| Aug 18, 2026 | 33.7× |
| Nov 12, 2026 | 21.0× |
Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.
What analysts expect
The average analyst price target is $326, 96% above the current price; 94% of 62 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.
Buy or Strong Buy: 58 analysts (94%). Sell or Strong Sell: 1.
Over the past year the average of the analysts' latest price targets went from $235.94 to $344.23 (+46%), while NVDA went from $186.86 to $166.19 (−11%). In the past three months targets were raised 15 times and cut twice. No firm upgraded or downgraded it over the year.
Show every change
| Date | Firm | Change | Rating | Target |
|---|---|---|---|---|
| Nov 10, 2026 | Wells Fargo | Target cut | Overweight | $300.00, was $315.00 |
| Nov 9, 2026 | RBC Capital | Target kept | Outperform | $330.00 |
| Nov 9, 2026 | Goldman Sachs | Target kept | Buy | $300.00 |
| Nov 2, 2026 | Melius Research | Target cut | Buy | $315.00, was $420.00 |
| Oct 22, 2026 | Needham | Target kept | Buy | $300.00 |
| Oct 1, 2026 | Cantor Fitzgerald | Target kept | Overweight | $350.00 |
| Sep 29, 2026 | Rosenblatt | Target kept | Buy | $390.00 |
| Sep 10, 2026 | Piper Sandler | Began coverage | Overweight | $300.00 |
| Sep 4, 2026 | Rosenblatt | Target kept | Buy | $390.00 |
| Sep 4, 2026 | Needham | Target kept | Buy | $300.00 |
| Aug 27, 2026 | Citigroup | Target raised | Buy | $315.00, was $300.00 |
| Aug 27, 2026 | Mizuho | Target raised | Outperform | $315.00, was $300.00 |
| Aug 27, 2026 | JP Morgan | Target raised | Overweight | $320.00, was $280.00 |
| Aug 27, 2026 | Bernstein | Target raised | Outperform | $400.00, was $315.00 |
| Aug 27, 2026 | RBC Capital | Target raised | Outperform | $330.00, was $300.00 |
| Aug 27, 2026 | UBS | Target raised | Buy | $300.00, was $280.00 |
| Aug 27, 2026 | Oppenheimer | Target raised | Outperform | $315.00, was $265.00 |
| Aug 27, 2026 | Rosenblatt | Target raised | Buy | $390.00, was $325.00 |
| Aug 27, 2026 | Morgan Stanley | Target raised | Overweight | $300.00, was $288.00 |
| Aug 27, 2026 | Wedbush | Target raised | Outperform | $345.00, was $330.00 |
| Aug 27, 2026 | DA Davidson | Target kept | Buy | $300.00 |
| Aug 27, 2026 | Benchmark | Target kept | Buy | $335.00 |
| Aug 27, 2026 | Truist Securities | Target raised | Buy | $346.00, was $307.00 |
| Aug 27, 2026 | Evercore ISI Group | Target raised | Outperform | $465.00, was $413.00 |
| Aug 27, 2026 | Keybanc | Target kept | Overweight | $330.00 |
| Aug 27, 2026 | Cantor Fitzgerald | Target kept | Overweight | $350.00 |
| Aug 27, 2026 | Needham | Target raised | Buy | $300.00, was $270.00 |
| Aug 27, 2026 | Raymond James | Target raised | Strong Buy | $515.00, was $352.00 |
| Aug 25, 2026 | Raymond James | Target raised | Strong Buy | $352.00, was $330.00 |
| Aug 24, 2026 | Rosenblatt | Target kept | Buy | $325.00 |
| Aug 24, 2026 | Keybanc | Target kept | Overweight | $330.00 |
| Aug 24, 2026 | Cantor Fitzgerald | Target kept | Overweight | $350.00 |
| Aug 21, 2026 | BMO Capital | Began coverage | Outperform | $340.00 |
| Aug 20, 2026 | RBC Capital | Target kept | Outperform | $300.00 |
| Aug 11, 2026 | Wells Fargo | Target kept | Overweight | $315.00 |
| Jul 14, 2026 | Keybanc | Target raised | Overweight | $330.00, was $310.00 |
| Jun 5, 2026 | China Renaissance | Began coverage | Buy | $319.00 |
| Jun 2, 2026 | Needham | Target kept | Buy | $270.00 |
| Jun 1, 2026 | DA Davidson | Target kept | Buy | $300.00 |
| May 27, 2026 | Tigress Financial | Target raised | Strong Buy | $425.00, was $360.00 |
| May 21, 2026 | UBS | Target raised | Buy | $280.00, was $275.00 |
| May 21, 2026 | Evercore ISI Group | Target raised | Outperform | $413.00, was $352.00 |
| May 21, 2026 | DA Davidson | Target kept | Buy | $300.00 |
| May 21, 2026 | Truist Securities | Target raised | Buy | $307.00, was $287.00 |
| May 21, 2026 | RBC Capital | Target raised | Outperform | $270.00, was $250.00 |
| May 21, 2026 | Cantor Fitzgerald | Target kept | Overweight | $350.00 |
| May 21, 2026 | Wedbush | Target raised | Outperform | $330.00, was $300.00 |
| May 21, 2026 | Stifel | Target raised | Buy | $282.00, was $250.00 |
| May 21, 2026 | JP Morgan | Target raised | Overweight | $280.00, was $265.00 |
| May 21, 2026 | Jefferies | Target raised | Buy | $300.00, was $275.00 |
| May 21, 2026 | Morgan Stanley | Target raised | Overweight | $288.00, was $285.00 |
| May 21, 2026 | Rosenblatt | Target kept | Buy | $325.00 |
| May 21, 2026 | Keybanc | Target raised | Overweight | $310.00, was $300.00 |
| May 21, 2026 | Benchmark | Target raised | Buy | $335.00, was $250.00 |
| May 21, 2026 | B of A Securities | Target raised | Buy | $350.00, was $320.00 |
| May 21, 2026 | Baird | Target raised | Outperform | $500.00, was $300.00 |
| May 21, 2026 | Needham | Target raised | Buy | $270.00, was $240.00 |
| May 19, 2026 | HSBC | Target raised | Buy | $325.00, was $295.00 |
| May 18, 2026 | DA Davidson | Target raised | Buy | $300.00, was $250.00 |
| May 18, 2026 | Morgan Stanley | Target raised | Overweight | $285.00, was $260.00 |
| May 18, 2026 | Wedbush | Target kept | Outperform | $300.00 |
| May 18, 2026 | Keybanc | Target raised | Overweight | $300.00, was $275.00 |
| May 15, 2026 | TD Cowen | Target raised | Buy | $275.00, was $235.00 |
| May 14, 2026 | UBS | Target raised | Buy | $275.00, was $245.00 |
| May 14, 2026 | RBC Capital | Target kept | Outperform | $250.00 |
| May 14, 2026 | Cantor Fitzgerald | Target raised | Overweight | $350.00, was $300.00 |
| May 12, 2026 | Wells Fargo | Target raised | Overweight | $315.00, was $265.00 |
| Mar 31, 2026 | Benchmark | Target kept | Buy | $250.00 |
| Mar 23, 2026 | Rosenblatt | Target kept | Buy | $325.00 |
| Mar 23, 2026 | Cantor Fitzgerald | Target kept | Overweight | $300.00 |
| Mar 19, 2026 | Raymond James | Target raised | Strong Buy | $323.00, was $291.00 |
| Mar 18, 2026 | Truist Securities | Target raised | Buy | $287.00, was $283.00 |
| Mar 18, 2026 | Rosenblatt | Target raised | Buy | $325.00, was $300.00 |
| Mar 18, 2026 | Needham | Target kept | Buy | $240.00 |
| Mar 17, 2026 | TD Cowen | Target kept | Buy | $235.00 |
| Mar 17, 2026 | RBC Capital | Target kept | Outperform | $250.00 |
| Mar 17, 2026 | Keybanc | Target kept | Overweight | $275.00 |
| Mar 17, 2026 | Rosenblatt | Target kept | Buy | $300.00 |
| Mar 17, 2026 | Cantor Fitzgerald | Target kept | Overweight | $300.00 |
| Mar 17, 2026 | Benchmark | Target kept | Buy | $250.00 |
| Mar 12, 2026 | Cantor Fitzgerald | Target kept | Overweight | $300.00 |
| Mar 5, 2026 | Tigress Financial | Target raised | Strong Buy | $360.00, was $350.00 |
| Mar 3, 2026 | Wedbush | Target raised | Outperform | $300.00, was $230.00 |
| Feb 26, 2026 | JP Morgan | Target raised | Overweight | $265.00, was $250.00 |
| Feb 26, 2026 | Citigroup | Target raised | Buy | $300.00, was $270.00 |
| Feb 26, 2026 | Morgan Stanley | Target raised | Overweight | $260.00, was $250.00 |
| Feb 26, 2026 | TD Cowen | Target kept | Buy | $235.00 |
| Feb 26, 2026 | Bernstein | Target raised | Outperform | $300.00, was $275.00 |
| Feb 26, 2026 | Oppenheimer | Target kept | Outperform | $265.00 |
| Feb 26, 2026 | DA Davidson | Target kept | Buy | $250.00 |
| Feb 26, 2026 | RBC Capital | Target raised | Outperform | $250.00, was $240.00 |
| Feb 26, 2026 | Wedbush | Target raised | Outperform | $300.00, was $230.00 |
| Feb 26, 2026 | Keybanc | Target kept | Overweight | $275.00 |
| Feb 26, 2026 | Truist Securities | Target raised | Buy | $283.00, was $275.00 |
| Feb 26, 2026 | Rosenblatt | Target raised | Buy | $300.00, was $245.00 |
| Feb 26, 2026 | Needham | Target kept | Buy | $240.00 |
| Feb 26, 2026 | B of A Securities | Target raised | Buy | $300.00, was $275.00 |
| Feb 26, 2026 | Benchmark | Target kept | Buy | $250.00 |
| Feb 24, 2026 | HSBC | Target cut | Buy | $310.00, was $320.00 |
| Feb 23, 2026 | DA Davidson | Target kept | Buy | $250.00 |
| Feb 23, 2026 | Keybanc | Target kept | Overweight | $275.00 |
| Feb 23, 2026 | Wedbush | Target kept | Outperform | $230.00 |
| Feb 18, 2026 | Needham | Target kept | Buy | $240.00 |
| Jan 16, 2026 | Jefferies | Target raised | Buy | $275.00, was $250.00 |
| Jan 15, 2026 | RBC Capital | Began coverage | Outperform | $240.00 |
| Jan 9, 2026 | Mizuho | Target raised | Outperform | $275.00, was $245.00 |
| Dec 29, 2025 | Stifel | Target kept | Buy | $250.00 |
| Dec 29, 2025 | Truist Securities | Target kept | Buy | $275.00 |
| Dec 26, 2025 | B of A Securities | Target kept | Buy | $275.00 |
| Dec 26, 2025 | Baird | Target kept | Outperform | $275.00 |
| Dec 26, 2025 | Bernstein | Target kept | Outperform | $275.00 |
| Dec 19, 2025 | Truist Securities | Target raised | Buy | $275.00, was $255.00 |
| Dec 18, 2025 | Tigress Financial | Target raised | Strong Buy | $350.00, was $280.00 |
| Dec 1, 2025 | Morgan Stanley | Target raised | Overweight | $250.00, was $235.00 |
| Nov 20, 2025 | Citigroup | Target raised | Buy | $270.00, was $220.00 |
| Nov 20, 2025 | Barclays | Target raised | Overweight | $275.00, was $240.00 |
| Nov 20, 2025 | JP Morgan | Target raised | Overweight | $250.00, was $215.00 |
| Nov 20, 2025 | Jefferies | Target raised | Buy | $250.00, was $240.00 |
| Nov 20, 2025 | Oppenheimer | Target kept | Outperform | $265.00 |
| Nov 20, 2025 | Evercore ISI Group | Target raised | Outperform | $352.00, was $261.00 |
| Nov 20, 2025 | Susquehanna | Target raised | Positive | $250.00, was $230.00 |
| Nov 20, 2025 | Truist Securities | Target raised | Buy | $255.00, was $228.00 |
| Nov 20, 2025 | Mizuho | Target raised | Outperform | $245.00, was $235.00 |
| Nov 20, 2025 | Morgan Stanley | Target raised | Overweight | $235.00, was $220.00 |
| Nov 20, 2025 | Baird | Target raised | Outperform | $275.00, was $225.00 |
| Nov 20, 2025 | Argus Research | Target kept | Buy | $220.00 |
| Nov 20, 2025 | DA Davidson | Target kept | Buy | $250.00 |
| Nov 20, 2025 | Wedbush | Target raised | Outperform | $230.00, was $210.00 |
| Nov 20, 2025 | Cantor Fitzgerald | Target kept | Overweight | $300.00 |
| Nov 20, 2025 | Rosenblatt | Target raised | Buy | $245.00, was $240.00 |
| Nov 20, 2025 | Keybanc | Target raised | Overweight | $275.00, was $250.00 |
| Nov 20, 2025 | Melius Research | Target raised | Buy | $320.00, was $300.00 |
| Nov 20, 2025 | Benchmark | Target raised | Buy | $250.00, was $220.00 |
| Nov 20, 2025 | Deutsche Bank | Target raised | Hold | $215.00, was $180.00 |
| Nov 20, 2025 | Bernstein | Target raised | Outperform | $275.00, was $225.00 |
| Nov 18, 2025 | Stifel | Target raised | Buy | $250.00, was $212.00 |
| Nov 14, 2025 | Wells Fargo | Target raised | Overweight | $265.00, was $220.00 |
| Nov 14, 2025 | Keybanc | Target kept | Overweight | $250.00 |
| Nov 14, 2025 | Morgan Stanley | Target raised | Overweight | $220.00, was $210.00 |
| Nov 13, 2025 | Susquehanna | Target raised | Positive | $230.00, was $210.00 |
| Nov 13, 2025 | Oppenheimer | Target raised | Outperform | $265.00, was $225.00 |
Show the data
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| Oct ’25 | $1.26 | $1.30 | +3.2% |
| Jan ’26 | $1.54 | $1.62 | +5.2% |
| Apr ’26 | $1.77 | $1.87 | +5.6% |
| Jul ’26 | $2.09 | $2.22 | +6.2% |
The day after each of these reports the stock moved −0.4% (Oct 2025, beat); −4.1% (Jan 2026, beat); −0.5% (Apr 2026, beat); +7.0% (Jul 2026, beat).
For the quarter ending Oct 2026 (NVIDIA reports on Nov 17, 2026), analysts expect adjusted earnings of $2.47 a share, 90% more than the $1.30 of a year earlier, and revenue of $109.0B, up 91% on a year earlier. For the fiscal year ending Jan 2027, they expect adjusted earnings of $9.32 a share, and revenue of $411.9B, up 91% on the year before.
Adjusted. Oct 2025: $1.30; range $2.34 to $2.70; 44 analysts
Oct 2025: $57.0B; range $104.9B to $116.3B; 44 analysts
Adjusted. Range $9.01 to $10.10; 51 analysts
The year to Jan 2026: $215.9B; range $403.2B to $426.9B; 53 analysts
Show the data
| Period | Figure | Expected | Low to high | Analysts | A year earlier | Change |
|---|---|---|---|---|---|---|
| Quarter ending Oct 2026, results Nov 17, 2026 | EPS (adjusted) | $2.47 | $2.34 to $2.70 | 44 | $1.30 (Oct 2025) | +90% |
| Quarter ending Oct 2026, results Nov 17, 2026 | Revenue | $109.0B | $104.9B to $116.3B | 44 | $57.0B (Oct 2025) | +91% |
| Quarter ending Jan 2027 | EPS (adjusted) | $2.75 | $2.56 to $3.12 | 42 | $1.62 (Jan 2026) | +70% |
| Quarter ending Jan 2027 | Revenue | $124.7B | $117.3B to $138.5B | 41 | $68.1B (Jan 2026) | +83% |
| Year ending Jan 2027 | EPS (adjusted) | $9.32 | $9.01 to $10.10 | 51 | — | — |
| Year ending Jan 2027 | Revenue | $411.9B | $403.2B to $426.9B | 53 | $215.9B (year to Jan 2026) | +91% |
| Year ending Jan 2028 | EPS (adjusted) | $15.93 | $12.85 to $18.75 | 52 | $9.32 (expected, year to Jan 2027) | +71% |
| Year ending Jan 2028 | Revenue | $692.1B | $506.5B to $778.5B | 56 | $411.9B (expected, year to Jan 2027) | +68% |
Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.
Where the cash goes
Generated $127.0B in free cash flow over the year, of which $62.0B went back to shareholders (dividends plus buybacks), leaving $65.0B in the company.
Show the data
| Line | Amount |
|---|---|
| Op. cash flow | $134.4B |
| Capex | −$7.4B |
| Free cash flow | $127.0B |
| Dividends | −$6.7B |
| Buybacks | −$55.3B |
| Cash retained | $65.0B |
For every $100 of market cap, the company generates about $3.2 in free cash flow a year.
For every $100 of market cap, you receive about $0.2 in dividends a year.
Dividends plus buybacks over the last four quarters: for every $100 of market cap, about $1.5 went back to shareholders.
Show the data
| Quarter ended | Free cash flow | Dividends | Buybacks |
|---|---|---|---|
| Oct 2023 | $7.1B | $99M | $3.8B |
| Jan 2024 | $11.2B | $99M | $2.7B |
| Apr 2024 | $15.0B | $98M | $7.7B |
| Jul 2024 | $13.5B | $246M | $7.2B |
| Oct 2024 | $16.8B | $245M | $11.0B |
| Jan 2025 | $15.6B | $245M | $7.8B |
| Apr 2025 | $26.2B | $244M | $14.1B |
| Jul 2025 | $13.5B | $244M | $9.7B |
| Oct 2025 | $22.1B | $244M | $12.5B |
| Jan 2026 | $34.9B | $242M | $3.8B |
| Apr 2026 | $48.6B | $243M | $19.3B |
| Jul 2026 | $21.4B | $6.0B | $19.7B |
Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter.
Financial health
Current ratio 3.9, no pressure to repay short-term debt; debt-to-equity 0.1, debt is very low and the balance sheet is solid.
Assets that can be turned into cash soon are 3.9x what is owed within a year. 1.5 or higher is comfortable; below 1 needs watching.
For every $1 of shareholder funds, there is $0.1 of debt (leases not counted). The higher the number, the more pressure when the economy weakens.
Cash and short-term investments of $62.6B against debt of $8.5B. Lease obligations of $2.6B are not counted: they are rent owed, not money borrowed. It also holds $22.3B of long-term investments, all of them securities it could sell.
Latest fiscal year balance sheet. Source: Yahoo Finance.
Who holds it
33 portfolios Hunch tracks hold NVDA: 6 members of Congress and 27 funds. It is 81.6% of Thomas Suozzi's portfolio (68.1% as filed).
CongressThomas SuozziNVDA is 82% of this portfolio+33.8%
CongressDan MeuserNVDA is 55% of this portfolio+32.2%
CongressCleo FieldsNVDA is 47% of this portfolio+32.2%
FundBaillie Gifford &NVDA is 41% of this portfolio+10.7%
FundAltimeter Capital ManagementNVDA is 38% of this portfolio+23.9%
FundTorno CapitalNVDA is 35% of this portfolio+79.7%
27 more portfolios hold NVDA
- Blue Whale CapitalFund · 32.8% (10.3% as filed)
- RK Capital ManagementFund · 32.7% (29.0% as filed)
- Voyager Global ManagementFund · 31.4% (28.1% as filed)
- Norges BankFund · 23.9% (6.5% as filed)
- Canada Pension Plan Investment BoardFund · 23.3% (5.7% as filed)
- Swiss National BankFund · 22.9% (7.6% as filed)
- Patient Capital ManagementFund · 22.4% (5.4% as filed)
- Fisher Asset ManagementFund · 22.2% (6.1% as filed)
- Prime Capital ManagementFund · 19.6% (17.1% as filed)
- UNICOM SystemsFund · 19.5% (11.8% as filed)
- Mirae Asset Global InvestmentsFund · 18.3% (6.9% as filed)
- Temasek Holdings (Private)Fund · 18.0% (4.9% as filed)
- Rob BresnahanCongress · 17.9% (6.9% as filed)
- Tiger Global ManagementFund · 17.7% (9.3% as filed)
- Polen Capital ManagementFund · 16.6% (6.9% as filed)
- Maverick CapitalFund · 16.3% (5.5% as filed)
- Nancy PelosiCongress · 15.0% (10.0% as filed)
- Rovida Investment ManagementFund · 14.7% (5.2% as filed)
- Bridgewater AssociatesFund · 13.5% (3.2% as filed)
- Stony Point CapitalFund · 11.2% (6.6% as filed)
- Nan Shan Life InsuranceFund · 11.0% (4.1% as filed)
- James ComerCongress · 9.1% (4.7% as filed)
- Light Street Capital ManagementFund · 8.1% (3.2% as filed)
- AppaloosaFund · 6.3% (4.1% as filed)
- Jia Investment AllianceFund · 5.5% (3.0% as filed)
- Coatue ManagementFund · 5.1% (2.5% as filed)
- Harvard ManagementFund · 4.5% (3.7% as filed)
NVDA's weight in each portfolio is its target weight in the copy Hunch follows: the stocks of the latest filing that the app can trade, their weights scaled up to add to 100%. “As filed” is its weight in the filing itself: a fund’s latest 13F, or a member of Congress’s holdings from the last annual report and the trades disclosed since, each at the low end of its range. Returns are backtests based on public filings, not actual trading results. Photo credits
What did the funds Hunch tracks do?
Of the 83 funds whose 13F filings Hunch reads, 44 held NVDA at the end of their latest quarter (for most, Q2 2026). Over that quarter 18 added shares, 16 cut, 4 bought new, 3 sold all and 6 held the same. The largest of them is Norges Bank, 325.95M shares worth $65.2B at Jun 30, 2026, 2.3% fewer than at Dec 31, 2025.
4 of them new holders
3 of them sold all
Show every fund
| Fund | Quarter | Shares | Value | Change in shares | Change | Filed |
|---|---|---|---|---|---|---|
| Norges Bank | Q2 2026 vs Q4 2025 | 325.95M | $65.2B | −7.80M | −2.3% | Aug 12, 2026 |
| Fisher Asset Management | Q3 2026 | 92.83M | $21.2B | +1.90M | +2.1% | Nov 6, 2026 |
| Swiss National Bank | Q3 2026 | 62.88M | $14.4B | −2.23M | −3.4% | Nov 12, 2026 |
| National Pension Service | Q3 2026 | 51.03M | $11.7B | +198,724 | +0.4% | Nov 12, 2026 |
| Canada Pension Plan Investment Board | Q2 2026 | 51.43M | $10.3B | +2.64M | +5.4% | Aug 14, 2026 |
| Baillie Gifford & | Q3 2026 | 42.57M | $9.7B | +684,255 | +1.6% | Nov 9, 2026 |
| Mirae Asset Global Investments | Q3 2026 | 17.17M | $3.9B | +1.08M | +6.7% | Nov 3, 2026 |
| Korea Investment | Q2 2026 | 16.45M | $3.3B | −1.69M | −9.3% | Aug 12, 2026 |
| Tiger Global Management | Q2 2026 | 11.20M | $2.2B | −812,979 | −6.8% | Aug 14, 2026 |
| Altimeter Capital Management | Q2 2026 | 9.41M | $1.9B | +77,550 | +0.8% | Aug 14, 2026 |
| Temasek Holdings (Private) | Q3 2026 | 7.80M | $1.8B | −604,873 | −7.2% | Oct 28, 2026 |
| H&H International Investment | Q2 2026 | 6.28M | $1.3B | −7.56M | −55% | Aug 14, 2026 |
| Coatue Management | Q2 2026 | 6.06M | $1.2B | −276,423 | −4.4% | Aug 14, 2026 |
| Voyager Global Management | Q2 2026 | 5.10M | $1.0B | +400,000 | +8.5% | Aug 14, 2026 |
| Nomura Holdings | Q2 2026 | 4.68M | $937M | +2.54M | +119% | Aug 14, 2026 |
| Polen Capital Management | Q2 2026 | 3.98M | $796M | −125,801 | −3.1% | Aug 4, 2026 |
| Bridgewater Associates | Q2 2026 | 3.87M | $774M | −826,808 | −18% | Aug 14, 2026 |
| Dragoneer Investment Group | Q2 2026 | 0 | — | −3.73M | Sold all | Aug 14, 2026 |
| Maverick Capital | Q2 2026 | 3.06M | $612M | −118,134 | −3.7% | Aug 14, 2026 |
| RK Capital Management | Q2 2026 | 2.67M | $534M | +2.67M | New | Aug 14, 2026 |
| Torno Capital | Q2 2026 | 2.42M | $485M | +2.42M | New | Aug 14, 2026 |
| Tudor Investment Corp Et Al | Q2 2026 | 2.34M | $468M | +1.35M | +137% | Aug 14, 2026 |
| Blue Whale Capital | Q2 2026 | 1.62M | $325M | +47,606 | +3.0% | Aug 13, 2026 |
| Appaloosa | Q2 2026 | 1.52M | $305M | +53,500 | +3.6% | Aug 14, 2026 |
| Hyperion Asset Management | Q3 2026 | 1.27M | $289M | −4,526 | −0.4% | Oct 20, 2026 |
| Oriental Harbor Investment Master Fund | Q3 2026 | 1.23M | $281M | +148,678 | +14% | Oct 22, 2026 |
| ARK Investment Management | Q2 2026 | 1.38M | $276M | +345,821 | +33% | Aug 14, 2026 |
| Soros Fund Management | Q2 2026 | 1.06M | $213M | −8,571 | −0.8% | Aug 14, 2026 |
| Prime Capital Management | Q3 2026 | 884,179 | $202M | 0 | 0.0% | Nov 6, 2026 |
| UNICOM Systems | Q3 2026 | 757,098 | $173M | 0 | 0.0% | Oct 13, 2026 |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST | Q3 2026 | 740,000 | $169M | +740,000 | New | Nov 12, 2026 |
| Patient Capital Management | Q3 2026 | 709,927 | $162M | +340 | 0.0% | Nov 12, 2026 |
| Harvard Management | Q2 2026 | 787,721 | $158M | +43,930 | +5.9% | Aug 14, 2026 |
| Nan Shan Life Insurance | Q2 2026 | 652,559 | $131M | +137,878 | +27% | Aug 14, 2026 |
| Styrax Capital | Q2 2026 | 600,000 | $120M | 0 | 0.0% | Aug 14, 2026 |
| Soma Equity Partners | Q2 2026 | 530,546 | $106M | −34,062 | −6.0% | Aug 14, 2026 |
| Stony Point Capital | Q2 2026 | 503,550 | $101M | +16,086 | +3.3% | Aug 13, 2026 |
| Rovida Investment Management | Q2 2026 | 378,898 | $75.7M | 0 | 0.0% | Aug 5, 2026 |
| Whale Rock Capital Management | Q2 2026 | 377,204 | $75.5M | −663,924 | −64% | Aug 14, 2026 |
| Jia Investment Alliance | Q3 2026 | 154,900 | $35.4M | 0 | 0.0% | Oct 6, 2026 |
| Third Point | Q2 2026 | 0 | — | −190,000 | Sold all | Aug 14, 2026 |
| Light Street Capital Management | Q2 2026 | 136,720 | $27.4M | −135,494 | −50% | Aug 14, 2026 |
| Renaissance Technologies | Q3 2026 | 23,170 | $5.3M | −7.07M | −100% | Nov 12, 2026 |
| Harris Associates L P | Q2 2026 | 12,475 | $2.5M | +7 | +0.1% | Aug 14, 2026 |
| Dodge & Cox | Q2 2026 | 3,400 | $680K | 0 | 0.0% | Aug 13, 2026 |
| Situational Awareness | Q2 2026 | 0 | — | −2,855 | Sold all | Aug 14, 2026 |
| Gardner Russo & Quinn | Q3 2026 | 900 | $206K | +900 | New | Nov 12, 2026 |
From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of NVDA at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.
Are insiders buying or selling?
Officers and directors sold $1.9B of NVDA on the open market in the 12 months to Nov 10, 2026; none bought. 17% of the sales were made under 10b5-1 plans, set up in advance. The largest was Mark A Stevens (Director), who sold $1.5B in 25 sales.
172 sales
0 purchases
Share of the sales' value
Show every trade
| Date | Insider | Role | Trade | Shares | Price | Value | Filed |
|---|---|---|---|---|---|---|---|
| Sep 21, 2026 | Timothy S. Teter | EVP, General Counsel and Sec | Sale (10b5-1 plan) | 12,483 | $222.19 | $2.8M | Sep 23, 2026 |
| Sep 21, 2026 | Timothy S. Teter | EVP, General Counsel and Sec | Sale (10b5-1 plan) | 13,478 | $223.05 | $3.0M | Sep 23, 2026 |
| Sep 21, 2026 | Timothy S. Teter | EVP, General Counsel and Sec | Sale (10b5-1 plan) | 4,499 | $223.75 | $1.0M | Sep 23, 2026 |
| Sep 18, 2026 | Mark A Stevens | Director | Sale | 1.36M | $219.72 | $298M | Sep 22, 2026 |
| Sep 18, 2026 | Mark A Stevens | Director | Sale | 10,000 | $220.42 | $2.2M | Sep 22, 2026 |
| Sep 17, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 4,681 | $218.01 | $1.0M | Sep 18, 2026 |
| Sep 17, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 20,369 | $219.02 | $4.5M | Sep 18, 2026 |
| Sep 17, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 9,868 | $219.59 | $2.2M | Sep 18, 2026 |
| Sep 4, 2026 | Mark A Stevens | Director | Sale | 197,180 | $230.40 | $45.4M | Sep 8, 2026 |
| Sep 4, 2026 | Mark A Stevens | Director | Sale | 237,820 | $231.17 | $55.0M | Sep 8, 2026 |
| Sep 4, 2026 | Mark A Stevens | Director | Sale | 182,628 | $233.46 | $42.6M | Sep 8, 2026 |
| Sep 4, 2026 | Mark A Stevens | Director | Sale | 4,611 | $234.00 | $1.1M | Sep 8, 2026 |
| Sep 3, 2026 | Mark A Stevens | Director | Sale | 198,707 | $227.70 | $45.2M | Sep 8, 2026 |
| Sep 3, 2026 | Mark A Stevens | Director | Sale | 1,293 | $228.27 | $295K | Sep 8, 2026 |
| Sep 3, 2026 | Mark A Stevens | Director | Sale | 200,000 | $229.87 | $46.0M | Sep 8, 2026 |
| Sep 2, 2026 | Mark A Stevens | Director | Sale | 300,000 | $220.08 | $66.0M | Sep 2, 2026 |
| Sep 2, 2026 | Mark A Stevens | Director | Sale | 300,000 | $222.92 | $66.9M | Sep 2, 2026 |
| Sep 2, 2026 | Mark A Stevens | Director | Sale | 300,000 | $224.07 | $67.2M | Sep 2, 2026 |
| Sep 2, 2026 | Mark A Stevens | Director | Sale | 300,000 | $226.27 | $67.9M | Sep 2, 2026 |
| Sep 1, 2026 | Mark A Stevens | Director | Sale | 63,501 | $220.06 | $14.0M | Sep 2, 2026 |
| Aug 31, 2026 | Mark A Stevens | Director | Sale | 447,400 | $220.10 | $98.5M | Sep 2, 2026 |
| Aug 31, 2026 | Mark A Stevens | Director | Sale | 137,600 | $220.91 | $30.4M | Sep 2, 2026 |
| Aug 31, 2026 | Timothy S. Teter | EVP, General Counsel and Sec | Sale (10b5-1 plan) | 6,692 | $216.84 | $1.5M | Sep 2, 2026 |
| Aug 31, 2026 | Timothy S. Teter | EVP, General Counsel and Sec | Sale (10b5-1 plan) | 13,913 | $217.95 | $3.0M | Sep 2, 2026 |
| Aug 31, 2026 | Timothy S. Teter | EVP, General Counsel and Sec | Sale (10b5-1 plan) | 9,395 | $218.53 | $2.1M | Sep 2, 2026 |
| Jun 18, 2026 | Mark A Stevens | Director | Sale | 319,385 | $209.70 | $67.0M | Jun 23, 2026 |
| Jun 18, 2026 | Mark A Stevens | Director | Sale | 565,615 | $210.44 | $119M | Jun 23, 2026 |
| Jun 4, 2026 | Mark A Stevens | Director | Sale | 100,000 | $217.66 | $21.8M | Jun 4, 2026 |
| Jun 4, 2026 | Mark A Stevens | Director | Sale | 400,000 | $220.37 | $88.1M | Jun 4, 2026 |
| Jun 3, 2026 | Stephen C Neal | Director | Sale | 15,500 | $215.73 | $3.3M | Jun 5, 2026 |
| Jun 2, 2026 | Mark A Stevens | Director | Sale | 500,000 | $222.38 | $111M | Jun 4, 2026 |
| May 27, 2026 | John Dabiri | Director | Sale (10b5-1 plan) | 625 | $214.00 | $134K | May 29, 2026 |
| Mar 20, 2026 | Mark A Stevens | Director | Sale | 100,000 | $172.61 | $17.3M | Mar 24, 2026 |
| Mar 20, 2026 | Mark A Stevens | Director | Sale | 121,682 | $174.57 | $21.2M | Mar 24, 2026 |
| Mar 20, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 1,196 | $172.58 | $206K | Mar 20, 2026 |
| Mar 20, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 400 | $172.97 | $69K | Mar 20, 2026 |
| Mar 20, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 500 | $173.78 | $87K | Mar 20, 2026 |
| Mar 20, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 600 | $174.85 | $105K | Mar 20, 2026 |
| Mar 20, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 2,100 | $175.79 | $369K | Mar 20, 2026 |
| Mar 20, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 600 | $177.31 | $106K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 715 | $172.01 | $123K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 10,264 | $172.71 | $1.8M | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,307 | $173.63 | $574K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 4,225 | $174.73 | $738K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 18,020 | $175.78 | $3.2M | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 4,212 | $176.83 | $745K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,907 | $177.51 | $339K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 180 | $172.00 | $31K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,396 | $172.71 | $414K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 765 | $173.63 | $133K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,051 | $174.73 | $184K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 4,156 | $175.79 | $731K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 999 | $176.83 | $177K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 453 | $177.51 | $80K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 230 | $171.97 | $40K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,339 | $172.71 | $404K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 734 | $173.63 | $127K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,316 | $174.75 | $230K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,876 | $175.82 | $681K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,034 | $176.83 | $183K | Mar 20, 2026 |
| Mar 20, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 471 | $177.51 | $84K | Mar 20, 2026 |
| Mar 19, 2026 | Aarti S. Shah | Director | Sale (10b5-1 plan) | 8,516 | $176.27 | $1.5M | Mar 20, 2026 |
| Mar 19, 2026 | Aarti S. Shah | Director | Sale (10b5-1 plan) | 10,282 | $177.06 | $1.8M | Mar 20, 2026 |
| Mar 19, 2026 | Aarti S. Shah | Director | Sale (10b5-1 plan) | 202 | $177.73 | $36K | Mar 20, 2026 |
| Mar 18, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 19,881 | $181.31 | $3.6M | Mar 20, 2026 |
| Mar 18, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 270,134 | $182.30 | $49.2M | Mar 20, 2026 |
| Mar 18, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 9,985 | $182.94 | $1.8M | Mar 20, 2026 |
| Mar 13, 2026 | John Dabiri | Director | Sale (10b5-1 plan) | 3,004 | $184.90 | $555K | Mar 17, 2026 |
| Mar 10, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 275,060 | $182.47 | $50.2M | Mar 11, 2026 |
| Mar 10, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 24,940 | $183.11 | $4.6M | Mar 11, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,287 | $172.54 | $222K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,524 | $173.41 | $611K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 6,076 | $174.53 | $1.1M | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 6,120 | $175.37 | $1.1M | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,659 | $176.53 | $469K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,897 | $177.50 | $692K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,625 | $178.57 | $469K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,452 | $179.16 | $260K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 499 | $172.50 | $86K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,266 | $173.41 | $220K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,180 | $174.53 | $380K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,164 | $175.36 | $379K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 976 | $176.53 | $172K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,424 | $177.50 | $253K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 963 | $178.57 | $172K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 528 | $179.16 | $95K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 614 | $172.40 | $106K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,215 | $173.41 | $211K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,121 | $174.53 | $370K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,042 | $175.35 | $358K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,005 | $176.53 | $177K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,470 | $177.50 | $261K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 985 | $178.57 | $176K | Feb 6, 2026 |
| Feb 4, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 548 | $179.16 | $98K | Feb 6, 2026 |
| Jan 21, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 200,000 | $180.04 | $36.0M | Jan 23, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 10,237 | $184.17 | $1.9M | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 12,022 | $184.86 | $2.2M | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,042 | $185.90 | $565K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,594 | $187.02 | $298K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 745 | $187.72 | $140K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,747 | $184.15 | $690K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 4,256 | $184.86 | $787K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,119 | $185.90 | $208K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 596 | $187.02 | $111K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 282 | $187.73 | $53K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,739 | $184.15 | $689K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 4,218 | $184.85 | $780K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,149 | $185.90 | $214K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 607 | $187.02 | $114K | Jan 15, 2026 |
| Jan 13, 2026 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 287 | $187.72 | $54K | Jan 15, 2026 |
| Jan 7, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 71,007 | $187.25 | $13.3M | Jan 9, 2026 |
| Jan 7, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 128,793 | $188.13 | $24.2M | Jan 9, 2026 |
| Jan 7, 2026 | Ajay K Puri | EVP, Worldwide Field Ops | Sale (10b5-1 plan) | 200 | $188.58 | $38K | Jan 9, 2026 |
| Jan 2, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 23,189 | $188.85 | $4.4M | Jan 6, 2026 |
| Jan 2, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 38,911 | $189.71 | $7.4M | Jan 6, 2026 |
| Jan 2, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 7,800 | $190.86 | $1.5M | Jan 6, 2026 |
| Jan 2, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 8,200 | $191.73 | $1.6M | Jan 6, 2026 |
| Jan 2, 2026 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 1,900 | $192.49 | $366K | Jan 6, 2026 |
| Dec 19, 2025 | Mark A Stevens | Director | Sale | 222,500 | $180.17 | $40.1M | Dec 22, 2025 |
| Dec 19, 2025 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 400 | $176.91 | $71K | Dec 22, 2025 |
| Dec 19, 2025 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 1,800 | $178.35 | $321K | Dec 22, 2025 |
| Dec 19, 2025 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 6,400 | $179.36 | $1.1M | Dec 22, 2025 |
| Dec 19, 2025 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 14,300 | $180.45 | $2.6M | Dec 22, 2025 |
| Dec 19, 2025 | Donald F Robertson Jr | Principal Accounting Officer | Sale (10b5-1 plan) | 1,690 | $180.88 | $306K | Dec 22, 2025 |
| Dec 15, 2025 | Harvey C Jones | Director | Sale | 250,000 | $177.33 | $44.3M | Dec 17, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 9,718 | $175.14 | $1.7M | Dec 12, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 19,331 | $176.22 | $3.4M | Dec 12, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 14,778 | $177.13 | $2.6M | Dec 12, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 1,600 | $177.92 | $285K | Dec 12, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 10,122 | $179.68 | $1.8M | Dec 12, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 5,900 | $180.63 | $1.1M | Dec 12, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 7,191 | $181.72 | $1.3M | Dec 12, 2025 |
| Dec 12, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 1,200 | $182.40 | $219K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,324 | $175.35 | $583K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 8,858 | $176.31 | $1.6M | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 5,864 | $177.21 | $1.0M | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 511 | $177.95 | $91K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,070 | $179.47 | $551K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 3,513 | $180.21 | $633K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,654 | $181.26 | $481K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,706 | $182.06 | $493K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,129 | $175.33 | $198K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,883 | $176.31 | $508K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,915 | $177.21 | $339K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 144 | $177.93 | $26K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 983 | $179.49 | $176K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,165 | $180.21 | $210K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 886 | $181.26 | $161K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 895 | $182.06 | $163K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,242 | $175.26 | $218K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 2,804 | $176.31 | $494K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,874 | $177.22 | $332K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 127 | $177.89 | $23K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 915 | $179.52 | $164K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 1,210 | $180.21 | $218K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 906 | $181.26 | $164K | Dec 12, 2025 |
| Dec 12, 2025 | Colette Kress | EVP & Chief Financial Officer | Sale (10b5-1 plan) | 922 | $182.06 | $168K | Dec 12, 2025 |
| Dec 11, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 17,578 | $177.27 | $3.1M | Dec 12, 2025 |
| Dec 11, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 21,153 | $178.09 | $3.8M | Dec 12, 2025 |
| Dec 11, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 12,675 | $178.95 | $2.3M | Dec 12, 2025 |
| Dec 11, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 17,141 | $180.22 | $3.1M | Dec 12, 2025 |
| Dec 11, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 11,453 | $180.82 | $2.1M | Dec 12, 2025 |
| Dec 10, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 25,961 | $182.70 | $4.7M | Dec 12, 2025 |
| Dec 10, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 36,067 | $183.64 | $6.6M | Dec 12, 2025 |
| Dec 10, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 15,801 | $184.39 | $2.9M | Dec 12, 2025 |
| Dec 10, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 2,171 | $185.16 | $402K | Dec 12, 2025 |
| Dec 9, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 24,433 | $184.25 | $4.5M | Dec 10, 2025 |
| Dec 9, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 55,267 | $184.82 | $10.2M | Dec 10, 2025 |
| Dec 9, 2025 | Debora Shoquist | EVP, Operations | Sale (10b5-1 plan) | 300 | $185.55 | $56K | Dec 10, 2025 |
| Dec 5, 2025 | Mark A Stevens | Director | Sale | 350,000 | $181.73 | $63.6M | Dec 9, 2025 |
| Dec 2, 2025 | A Brooke Seawell | Director | Sale | 12,728 | $183.93 | $2.3M | Dec 4, 2025 |
| Nov 24, 2025 | John Dabiri | Director | Sale (10b5-1 plan) | 626 | $179.42 | $112K | Nov 26, 2025 |
From the Form 4s filed with the SEC about NVIDIA Corporation (80 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 71 other transactions (grants, shares withheld for tax, gifts and other transfers).
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