Nvidia (NASDAQ: NVDA) could trade at approximately $235 per share on September 1, 2026, according to a prediction generated by ChatGPT.
The forecast implies a potential gain of about 4% from NVDA’s last closing price of $225.
The prediction comes ahead of Nvidia’s highly anticipated August 26 earnings report, a key event expected to influence near-term sentiment around the semiconductor giant.
ChatGPT projects Nvidia could trade within a broader range of $215 to $255, depending on earnings results, guidance, and management’s outlook for AI infrastructure demand.
Based on Nvidia’s fundamentals, earnings expectations, and technical setup, ChatGPT’s base-case forecast stands at $235. The model assigned a 50% probability to Nvidia trading between $230 and $240, a 30% probability to a bullish outcome of $250 to $255, and a 20% probability to a bearish scenario of $215 to $225.
The forecast reflects expectations that the technology firm will continue benefiting from strong demand for artificial intelligence infrastructure, particularly as customers expand deployments of its Blackwell GPUs.
Nvidia stock fundamentals
Wall Street analysts expect Nvidia to report fiscal second-quarter revenue of roughly $93 billion to $95 billion later this month. Revenue growth approaching 100% year over year remains among the strongest in the mega-cap technology sector.
The primary factor supporting the Nvidia stock outlook is sustained AI spending by cloud providers, enterprises, and governments.
Despite earlier concerns that hyperscale customers might reduce AI infrastructure spending, demand has remained resilient. Nvidia continues to dominate the AI accelerator market, while Blackwell deployments expand across major data centers.
The company is also benefiting from optimism surrounding its future product roadmap. While Blackwell remains the current growth driver, attention is increasingly shifting to the next-generation Rubin architecture, which many analysts expect to fuel another upgrade cycle.
Together, these factors support expectations for continued strong growth through the rest of 2026.
However, Nvidia’s near-term direction will likely depend on its August 26 earnings report.
The bullish scenario assumes revenue exceeds $95 billion, quarterly guidance surpasses $100 billion, and management provides positive commentary on Blackwell demand and future product launches.
Under those conditions, Nvidia could rally toward the upper end of ChatGPT’s forecast range, reaching between $250 and $255 by September 1. Investors have historically rewarded Nvidia when management raises forward expectations rather than simply delivering strong quarterly results.
The biggest risk for Nvidia is elevated investor expectations. Even strong earnings could disappoint if guidance falls short of forecasts.
Other risks include margin pressure, slower deployments, export restrictions, and a potential slowdown in AI spending.
