Key Insights Nvidia Stock price posted its longest losing streak since 2022. Raymond James reportedly raised its price target to $352 from $330. Earnings and China export scrutiny created two
Nvidia shares entered Tuesday under pressure after a seven-session decline pushed the stock to its longest losing streak since 2022. The Nvidia Stock price closed Monday at $208.48, down 2.91%, as investors reduced technology exposure before Wednesday’s earnings report.
Source. X The retreat placed Nvidia at the center of a broader test for artificial intelligence spending. Options markets also priced a smaller post-earnings move than recent history, suggesting traders expected less extreme volatility despite the approaching catalyst.
Raymond James market data showed NVDA closed Aug. 24 at $208.48 after trading between $207.25 and $215.59. Volume reached about 135.2 million shares, above the listed average of roughly 115.6 million.
The same Raymond James market page showed Nvidia remained up 11.79% year to date. However, the seven-session slide left shares about 11.9% below their May 14 yearly high of $236.54.
Reuters reported Tuesday that Nvidia had fallen for seven consecutive sessions before the premarket rebound. The report said shares rose 1.3% before Tuesday’s opening bell as technology stocks attempted to recover.
That rebound followed pressure across semiconductor shares and other growth stocks. Reuters linked the weakness to higher Treasury yields, fiscal concerns, and questions surrounding spending by large artificial intelligence customers.
Walter Bloomberg’s market feed said Raymond James raised its Nvidia target to $352 from $330. The post said the firm maintained a Strong Buy rating and expected further earnings upside.
Based on Monday’s closing price, that target represented roughly 69% potential appreciation. The target remains an analyst estimate rather than a forecast of realized returns.
The same market update said Raymond James expected Nvidia’s central processing unit business to accelerate through 2028. It projected that segment could approach 5% of company revenue by then.
Raymond James also argued Nvidia traded below the S&P 500 on a calendar-2027 price-to-earnings basis. Its thesis rested on artificial intelligence demand, cash generation, and Nvidia’s expanding computing portfolio.
Public analyst databases showed Raymond James had previously lifted its target to $330 on May 21. That historical record supported the direction of the latest revision, though some databases had not yet reflected Tuesday’s reported increase.
Options Research & Technology Services data showed traders priced a 5.4% post-earnings move for Nvidia shares.
That estimate sat below the 6.5% move priced before Nvidia’s May earnings report. Nvidia shares had moved an average 7.4% after earnings across the previous 12 quarters.
The options market therefore reflected softer volatility expectations than Nvidia’s recent earnings history. From Monday’s $208.48 close, a 5.4% move equaled roughly $11.26 in either direction.
Nvidia said it would report fiscal second-quarter 2027 results on Aug. 26. The company scheduled its earnings call for 2 p.m. Pacific Time.
Nvidia’s investor-relations notice said the reporting quarter ended July 26. Management planned to publish Chief Financial Officer commentary before the conference call.
The company previously projected second-quarter revenue of $91 billion, plus or minus 2%. Nvidia’s May guidance assumed no Data Center compute revenue from China.
That assumption placed China exposure alongside revenue growth and margins as a key earnings variable. Options pricing suggested traders expected volatility, but below Nvidia’s recent post-earnings average.
Taiwan’s Keelung District Prosecutors Office indicted nine people over alleged illegal artificial intelligence server exports to China.
Prosecutors said the defendants included one Nvidia Taiwan employee and two Super Micro Taiwan employees. Authorities did not accuse Nvidia itself of corporate wrongdoing.
The indictment alleged defendants used false documentation covering 130 advanced servers. Prosecutors said 74 servers reached China before customs authorities stopped another 56.
Nvidia said it maintained internal export-control procedures and required compliance with applicable laws. The company has separately identified China restrictions as a material business constraint.
Nvidia’s latest Form 10-Q said U.S. export controls restricted its access to China’s data-center compute market. The filing also said Nvidia had recorded no revenue under its H200 China licensing program.
Management added that Chinese authorities had not approved H200 imports under that framework. That uncertainty limited Nvidia’s ability to forecast revenue from the Chinese market.
The U.S. Department of Justice separately announced charges against three defendants on March 25. Federal prosecutors alleged they attempted to route controlled artificial intelligence chips to China through Thailand.
That case remained separate from the Taiwanese prosecution. Neither proceeding established wrongdoing by Nvidia as a company.
Nvidia’s Aug. 26 earnings report now provides the next measurable catalyst for NVDA stock. Investors will compare revenue, margins, guidance, China exposure, and options pricing after the release.
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