Nvidia (NVDA) Stock Rises in Pre-Market as AI Server Prices Jump 15%
TLDR
- Nvidia stock edged higher in pre-market Monday after reports that AI server prices are rising more than 15% for systems using Vera Rubin and Grace Blackwell chips
- Rising memory costs from suppliers like Samsung, SK Hynix, and Micron are driving the price increases
- Nvidia reports fiscal Q2 earnings on Wednesday, August 26, with Wall Street expecting $92.2 billion in revenue and EPS of $2.09
- Despite beating forecasts in its last 14 reports, NVDA stock fell after both 2026 earnings releases, dropping 9.39% after February and 5.52% after May
- All 26 Wall Street analysts rate NVDA a Buy, with an average 12-month price target of $301.82, implying 40% upside
Nvidia stock moved slightly higher in pre-market trading on Monday, August 24, gaining around 0.09%. The move came after a report revealed that major customers are facing AI server price hikes of more than 15%.
The price increases affect systems using Nvidiaโs Vera Rubin and Grace Blackwell chips. The exact size of the hike depends on the chip and memory configuration involved.
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