Nvidia Stock Analysis: AI Giant Faces Volatility Ahead of February Earnings Call
FRANKFURT, 3 February 2026 – Nvidia (NVDA) shares have experienced a period of intensified volatility this week, as investors weigh the semiconductor giant’s massive AI infrastructure dominance against reports of stalled negotiations regarding a significant investment in OpenAI. Despite a recent 2.89% dip in share price, market sentiment remains overwhelmingly positive ahead of the company’s fiscal 2026 fourth-quarter earnings report.
Market Performance and OpenAI Speculation
As of early February, Nvidia’s stock is trading at approximately $185.61 (€171.45). The recent downward pressure is largely attributed to market uncertainty regarding a reported $100 billion (approx. €92.4 billion) investment plan in OpenAI. While some reports suggest talks have stalled, the broader consensus among Wall Street and European analysts remains bullish, citing the “AI memory supercycle” and an insatiable demand for data centre infrastructure.
The company, currently valued at approximately €4.3 trillion ($4.66 trillion), continues to benefit from its massive order backlog. Analysts at Morgan Stanley and Zacks highlight that Nvidia’s expected earnings growth rate for the current year remains at a robust 55.9%, driven by the continued expansion of autonomous vehicles and robotics.
Key Financial Metrics and Forecasts
| Metric | Value / Forecast |
|---|---|
| Current Share Price | $185.61 (approx. €171.45) |
| Average 1-Year Price Target | $262.79 (approx. €242.80) |
| Consensus Rating | Strong Buy (95% Buy/Strong Buy) |
| Expected EPS Growth (3-5 Years) | 46.31% |
| Market Capitalisation | €4.3 Trillion ($4.66T) |
Upcoming Earnings and Outlook
Investors are now looking toward 25 February 2026, when Nvidia is scheduled to host its Q4 and fiscal year 2026 earnings call at 14:00 PT (23:00 CET). This report is expected to provide clarity on the company’s margins following the ramp-up of its latest AI chip architectures. While the stock has seen a 72% increase over the last year, some analysts warn of “lumpy” demand cycles typical of the semiconductor industry, suggesting that while the long-term trajectory is upward, short-term corrections of up to 50% have historically occurred in Nvidia’s trading history.
Frequently Asked Questions
Why did the Nvidia share price drop recently?
The stock saw a minor decline of nearly 3% due to mixed reports regarding a potential €92 billion investment in OpenAI and general profit-taking following record highs in January.
When is the next Nvidia earnings report?
Nvidia will report its fourth-quarter and full-year fiscal 2026 results on 25 February 2026. A conference call will be held to discuss the financial outcomes and future guidance.
What is the price target for NVDA in 2026?
Wall Street analysts have set an average price target of approximately $262.79, representing a potential upside of over 37% from current levels, with some high-end estimates reaching as far as $454.42.