At the finish line of September, NVIDIA stock is trading near $227, with some fuel still in the tank for further upside. The key event of the week was the company’s decision to expand its share buyback program by another $150 billion, bringing the total to $235 billion. Such a move demonstrates management’s confidence in the firm’s financial health and boosts interest in the stock. This is particularly important for NVIDIA, given that the tech giant continues to invest heavily in the development of new accelerators and computing infrastructure, while still allocating significant capital to reward shareholders.
What is NVIDIA’s fundamental winning formula? The answer remains the same: rising money inflows into the artificial intelligence (AI) ecosystem. This week, Anthropic lifted the veil of secrecy and announced its plans to invest at least $518 billion in cloud and computing powers over the next decade. Moreover, a substantial portion of these commitments appears to be long term. This is a key signal for the tech giant: major AI developers continue to compete for access to computing power, while the shortage of performance capacity remains the industry’s primary constraint. Consequently, demand for NVIDIA’s high-performance accelerators and server solutions is strong, supporting expectations of continued revenue growth.
On the technical side, the company’s stock keeps moving within a flat range of $200–$230. Note that there is a high probability of prices climbing toward the upper boundary of the channel.
The final recommendation:
— Buy NVIDIA shares at the current price of $227, targeting $236 within a week.
— To manage risks if the market plays against us, place a Stop Loss order at $2
