Nvidia (NASDAQ: NVDA) is entering one of its most favorable periods of the year, raising the possibility that the stock could soon reach the coveted $200 mark.

Currently trading around $186, the next two weeks represent a historically strong phase for the American semiconductor giant. 

Over the past 19 years, NVDA shares have averaged 8.1% gain with a 71% win rate during this period, according to data from charting platform TrendSpider.

Notably, Nvidia has often posted some of its strongest rallies in the fourth and fifth weeks of this phase, with gains of 7% to 8%, underscoring a consistent pattern of seasonal strength.

NVDA stock fundamentals 

This historical context comes as Nvidia remains at the forefront of powering the AI revolution with its GPUs. However, after explosive growth, the company is showing early signs of a slowdown.

In Q2 2026, Nvidia reported $46.7 billion in revenue, a 56% year-over-year increase, driven by a 61% surge in data center sales fueled by AI demand. For Q3, the technology firm expects $54 billion in revenue, up 54% year-over-year, signaling a slight deceleration.

Despite concerns of a potential cooldown in AI infrastructure spending, data center investments remain robust. In this line, major cloud providers such as Microsoft, Amazon, and Meta continue to ramp up capital expenditures, with Nvidia maintaining a 92% share of the GPU market, leaving it well-positioned for continued growth.

Investors are now watching closely for Nvidia’s Q3 earnings report on November 19, with Wall Street expecting $54.66 billion in revenue and $1.24 in adjusted EPS, figures many analysts believe Nvidia is likely to surpass.

Amid bullish earnings expectations, as reported by Finbold, most Wall Street analysts anticipate Nvidia’s share price will rally over the next 12 months, with an average consensus target of at least $220.

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