The Week

Nvidia (NVDA) closed the week at $222.27, up 1.82% from the prior Friday’s close of $218.29. The S&P 500 slipped 0.08%, leaving NVDA roughly 1.9 percentage points ahead of the benchmark. The stock traded heavier earlier in the week, running up to $216.76 intraday on Wednesday before pulling back, then pushed through to a week-high finish on Friday, 18 September, as semiconductor stocks firmed broadly. Friday’s turnover reached 190.3m shares. For the week, daily average volume was 120.3m shares, about 3.4% below the 60-day median.

Key Events

The central thread this week was Jensen Huang’s upbeat take on chip sales. After Thursday’s close, he said Nvidia’s chip sales could double by 2027, then followed up on Friday by saying the company would sell twice as many chips next year. The stock rose more than 2% on the back of the remarks. Ecosystem news also stacked up: CoreWeave became the first company to deploy Nvidia’s Vera Rubin platform, Nebius lifted AI cloud prices again on surging compute demand, and Asus and Poesis launched autonomous trading agents powered by Nvidia technology. Elsewhere, Anthropic said Claude now handles 26% of its AI R&D, up from 1% in March, while Jefferies noted AI demand remains strong with Nvidia at the centre.

Analyst Ratings

Across 64 covering brokers, 48 rate Nvidia buy, 11 rate it over, 2 hold, 1 sell and 2 have no opinion. That puts 59 at buy or over and only 1 at sell. The consensus rating is strong buy, with a consensus target of $327.70, roughly 47.4% above the current price of $222.27. Targets range from $180 to $515, reflecting wide dispersion. Nvidia ranks No.1 among 78 semiconductor companies tracked in the industry.

The Week Ahead

The macro calendar is busy: the Richmond Fed composite index lands on 22 September, EIA crude and Cushing inventory numbers on 23 September, and jobless claims, the current account balance, new home sales and natural gas storage on 24 September. For Nvidia, the more relevant thread is whether the semiconductor sector’s relative strength out of Friday’s triple witching session carries over, and whether the optimism around Huang’s doubling-chip-sales commentary gets backed up by subsequent orders and cloud capex data.

In Short

Nvidia pushed higher against a softer tape this week, helped by a confident message on AI chip sales, and finished about 2 points ahead of the S&P 500. The consensus target sits ~47% above spot, but the $180 to $515 range shows how split analysts are, while the latest session’s fund flows show large-lot money as a net buyer and retail as a net seller. The next test is whether the doubling-sales narrative shows up in cloud capex and whether semis hold their relative lead.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.