Veytics Intelligence
2026-10-01 · NASDAQ

Nvidia Could Have a Monster October. Here's Why.

Key Points AI hyperscalers releasing their capital expenditure projections early could kick-start a rally for Nvidia. The chipmaker's stock is priced at a dirt-cheap level. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) has had a solid 2026, rising about 21% so far this year. While that's beating the market, Nvidia investors are used to far greater returns. Fortunately for its shareholders, I think October could be the month that flips it around. The market still isn't pricing any of Nvidia's massive expected growth in 2027 into the shares, but it could start to take that into account as the AI hyperscalers roll out their 2027 guidance for data center capital expenditures.

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