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

Nvidia stock could rally significantly in October as AI hyperscalers begin releasing their 2027 capital expenditure guidance. The company projects 70% revenue growth for fiscal 2028, driven by expected hyperscaler spending to rise from $800 billion to $1.3 trillion. Currently undervalued at trailing earnings ratios, Nvidia could more than double if it achieves analyst expectations and reaches a 30x earnings valuation.