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Nvidia (NVDA) Stock: $216 After SpaceX’s $40 Billion…

by admin October 27, 2026
October 27, 2026

Updated 27 October 2026. Nvidia (NASDAQ: NVDA) closed Monday at $216.00, up $5.04 or 2.39 percent, in a range of $212.61 to $217.75, and traded at $217.70 in premarket trading at 9:10 am ET on Tuesday (Yahoo Finance). Verdict: a rebound, not a new trend. The stock bounced from Friday’s $210.96 close, its lowest in 20 sessions (FX Leaders), as Anthropic’s IPO filing revived the AI trade and SpaceX said it had closed a $40 billion debt package reported to fund Nvidia GPUs. It is still about 10 percent below the $239.24 record close of 6 October. Reference levels: $190 below, $243 above.

Key facts

  • Price: NVDA $216.00 at Monday 26 October’s close, up 2.39 percent from $210.96; day range $212.61-$217.75 (Yahoo Finance; Google Finance). Premarket on Tuesday: $217.70 at 9:10 am ET, up about 0.8 percent (Yahoo Finance).
  • Where it stands: the record close was $239.24 on 6 October and the intraday record $243.37 the same day; the 52-week low is $164.27 (Yahoo Finance; Google Finance). Market value is about $5.2 trillion at about 27 times trailing earnings (Yahoo Finance).
  • Monday’s driver: chip stocks rallied after Anthropic filed for its IPO; Nvidia rose 2.4 percent, Micron 3 percent, Broadcom 2.3 percent and AMD 2.8 percent (AP via KTAR; FinanceFeeds).
  • SpaceX: Elon Musk said on 25 October that SpaceX had closed about $40 billion of mostly callable debt for GPUs due in the first half of 2027, held in a special purpose vehicle. The Financial Times first reported on 6 October that the Apollo-led financing was meant to buy Nvidia chips; Musk’s post did not name the supplier (FinanceFeeds; Reuters).
  • Meta’s book: Nvidia, AMD and Broadcom indicated non-binding interest in buying up to $5.0 billion of Meta’s common stock in aggregate. Meta priced the deal on 27 October: $25.0 billion of common stock at $625, upsized, plus $12.5 billion of mandatory convertible preferred (Meta press releases).
  • Analysts: Morgan Stanley’s Joseph Moore reinstated Nvidia as the firm’s top semiconductor pick on 2 October, Overweight with a $300 target (TheStreet; Yahoo Finance). StockAnalysis puts the average 12-month target of 62 analysts at $328.95, rated Strong Buy.
  • Next print: fiscal third-quarter results are expected in mid-November; Nvidia has not yet announced the date. Last year’s equivalent report was on 19 November.

Why Nvidia bounced, and why the bounce is fragile

Nvidia had no company news on Monday. It moved with the sector: Anthropic’s S-1 gave the market its clearest look at how fast revenue is growing at one of the biggest buyers of AI compute, and the semiconductor group rallied with it. Morning coverage on Tuesday showed Nvidia up almost 1 percent before the bell, with Broadcom and Micron up 2.4 percent (AP via KTAR). The SpaceX financing adds a second support: $40 billion of debt raised to buy GPUs arriving in 2027 is order visibility, whoever ends up as the named supplier.

The worries that knocked the stock from $239 to $211 in two and a half weeks are still there. FX Leaders lists them: Amazon reportedly has server racks waiting in warehouses because data centres lack power, ASML warned that 2027-2028 chipmaking capacity may not meet demand, a CoreWeave bond priced to yield about 15 percent, and Microsoft’s Maia 300 chip claims 40 percent more tokens per megawatt than leading GPU systems. Each is a different way of asking whether AI spending can keep growing at this pace and on these terms. The Fed’s two-day meeting started on Tuesday, and Microsoft, Alphabet and Amazon report this week; their capex guidance matters more to Nvidia than any chip news. Our AMD page covers the same setup for the second-largest AI chipmaker.

Nvidia this week: bull, base and bear

Scenario NVDA What has to happen Anchor
Bear $190 The AI-financing worries win: hyperscaler capex disappoints or the Fed leans hawkish, and the October slide resumes below Friday’s low. The 29 July close of $190.01, the lowest close in three months, about 12 percent below Monday’s $216.00 (Yahoo Finance).
Base $211-$222 The chip bounce holds but stalls; the stock trades the Fed and big-tech results. Friday’s $210.96 close to the $221.97 close of 21 October (Yahoo Finance).
Bull $243 Strong capex guidance from Microsoft, Alphabet and Amazon and a calm Fed send the AI trade back to its highs. The $243.37 intraday record of 6 October, about 12.6 percent above Monday’s close.

The bear case sits below Monday’s close. These are reference levels measured from verified quotes, not forecasts. Over 12 months, analysts sit higher: Morgan Stanley at $300 and the StockAnalysis average at $328.95.

What to watch

  • Tuesday: whether the premarket gain holds after the open, and whether the memory names (Micron, SK hynix results on Tuesday evening ET) keep leading.
  • Wednesday 28 October, 2 pm ET: the Fed decision.
  • This week: Microsoft, Alphabet and Amazon results and their 2027 capex guidance.
  • Thursday 29 October: Meta’s offering closes; final allocations to Nvidia, AMD and Broadcom are not yet disclosed.
  • Nvidia’s date notice: last year Nvidia announced its November results date on 29 October.

Quick take: Nvidia closed at $216.00 on Monday, up 2.4 percent, after Anthropic’s IPO filing and SpaceX’s $40 billion GPU financing revived the AI trade, and traded at $217.70 before Tuesday’s open. It is still about 10 percent below its 6 October record. Expect $211-$222 into the Fed and big-tech results; strong capex guidance opens $243, a renewed AI-debt scare opens $190.

FAQ

What is Nvidia’s stock price today?

Nvidia closed at $216.00 on Monday 26 October 2026, up 2.39 percent, and traded at $217.70 in premarket trading at 9:10 am ET on Tuesday 27 October (Yahoo Finance).

Why did Nvidia stock go up?

Chip stocks rallied after Anthropic filed for its IPO, and SpaceX said it had closed a $40 billion debt package for GPUs that the Financial Times reported would buy Nvidia chips. Nvidia had no company-specific announcement.

Is SpaceX buying Nvidia chips?

Elon Musk said SpaceX closed about $40 billion of debt for GPUs arriving in the first half of 2027. The Financial Times reported on 6 October that the money was for Nvidia chips; Musk’s post did not name the supplier.

Is Nvidia buying Meta stock?

Nvidia, AMD and Broadcom indicated non-binding interest in buying up to $5.0 billion of Meta’s common stock in aggregate. Meta priced the offering at $625 a share on 27 October; final allocations have not been disclosed (Meta press releases).

When does Nvidia report earnings?

Fiscal third-quarter results are expected in mid-November 2026, but Nvidia has not announced the date yet. It reported the same quarter last year on 19 November.

What is the price target for Nvidia stock?

Morgan Stanley has a $300 target and named Nvidia its top semiconductor pick on 2 October. The average target of 62 analysts is $328.95 (StockAnalysis).

Sources: Yahoo Finance (closes, ranges, premarket quote at 9:10 am ET on 27 October, market value, trailing P/E); Google Finance (26 October close and 52-week range); FX Leaders (20-session low, data-centre risks, 26-27 October); AP via KTAR (sector moves, 26-27 October); Financial Times via Reuters (SpaceX financing, 6 October); FinanceFeeds (SpaceX closing, Anthropic S-1); Meta press releases (offering launch and pricing, 26-27 October); TheStreet and Yahoo Finance (Morgan Stanley top pick, 2 October); StockAnalysis (analyst consensus).

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.

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