Ahead of its highly anticipated August 26 earnings report, Nvidia (NASDAQ: NVDA) stock has extended its decline to six consecutive sessions.
The trend marks NVDA’s longest losing streak in four years and has raised questions about the stock’s near-term outlook.
The sell-off has pushed Nvidia shares from recent highs near $225 to $214, erasing roughly 5% of the company’s market value ahead of the closely watched earnings release.
The losing streak appears driven by earnings uncertainty rather than weakening AI fundamentals.
As the market’s leading AI stock, Nvidia faces exceptionally high expectations, meaning even strong results could trigger volatility if guidance falls short of investor hopes.
The broader semiconductor sector has also come under pressure as investors rotate away from high-growth technology stocks amid interest rate and valuation concerns.
NVDA stock price prediction
Amid the bearish sentiment, Finbold turned to OpenAI’s ChatGPT artificial intelligence model to assess Nvidia’s short-term price outlook.
Based on the latest price action, earnings expectations, and AI demand trends, ChatGPT’s independent Nvidia stock prediction remains moderately bullish.
The base case assumes Nvidia reports revenue near $94 billion, delivers solid guidance, and confirms strong demand for its next-generation AI platforms.
Under this scenario, Nvidia stock could trade between $235 and $245 by late September 2026. A bullish outcome, assigned a 40% probability, could lift shares toward $255 following a strong earnings beat and guidance increase.
A neutral scenario, with a 35% probability, sees Nvidia trading between $210 and $230, while a bearish scenario, carrying a 25% probability, could push the stock to $195 to $205 if earnings or guidance disappoint.
Overall, the weighted average forecast points to a 30-day price target of about $236 per share.
Nvidia’s earnings expectations
Notably, Wall Street expects Nvidia to report revenue of approximately $92 billion to $95 billion for the latest quarter, representing close to 100% year-over-year growth.
The company continues to benefit from strong demand for artificial intelligence infrastructure, with hyperscale cloud providers and AI firms investing aggressively in data centers powered by Nvidia’s chips.
Investors will be closely monitoring management’s commentary on demand for its Blackwell and Vera Rubin platforms, as well as forward guidance for the remainder of 2026 and into 2027.
This comes as reports also indicate Nvidia may raise prices on certain AI server systems by more than 15% due to rising memory costs, potentially supporting future revenue growth and margins.
While Nvidia’s six-day losing streak is unusual, the pullback remains modest relative to the stock’s gains over the past year.
The company’s fundamentals continue to be supported by accelerating AI adoption, strong data center demand, and expectations for another quarter of exceptional revenue growth.
Featured image via Shutterstock
