$187.05.
That is where NVIDIA ended the day on January 15, 2026. It’s up about 2.13% from yesterday's close, which might seem like just another Tuesday—except it's Thursday, and the market is currently vibrating with a mix of "AI fatigue" and legitimate shock at the new numbers coming out of Santa Clara. If you've been watching nvda price today per share, you've seen it dance between $186.33 and $189.70 throughout the session.
Basically, the stock is a tug-of-war. On one side, you have the "bubble" crowd waiting for the floor to fall out. On the other, you have the reality of the Blackwell-to-Rubin transition, which is moving faster than most analysts predicted.
The China Reversal and the H200 Surge
Honestly, the biggest story today isn't even the price—it's the geography. A few days ago, the U.S. government basically flipped the script by approving H200 chip exports to China. This effectively reopens the second-largest economy in the world to NVIDIA. You’ve probably heard people say the China business was "dead" for NVDA.
Not quite.
Wolfe Research recently pointed out that this China permission could represent an extra $2 billion to $5 billion per quarter. That is not small change. That’s roughly 5% of their current total revenue, and it isn't even baked into most analysts' consensus estimates yet. The market is just now starting to realize that the ceiling might be higher than we thought.
Today's jump was also fueled by TSMC—NVIDIA's main manufacturer—reporting a 35% surge in profit. When the person making your chips says they are hiking capital expenditures to $56 billion because demand is too high to handle, the market tends to listen.
The Rubin Revolution: It’s Not Just a Chip Anymore
At CES 2026, Jensen Huang did something that kinda changed the rules of the game. He officially introduced the "Vera Rubin" architecture. If you think NVIDIA just makes GPUs you plug into a PC, you’re stuck in 2018.
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The Rubin platform isn't a chip; it’s a rack-scale supercomputer. We’re talking about the NVL72, a monster that packs 72 GPUs and 36 CPUs into a single coherent unit.
- TRANSISTORS: The Rubin GPU has 336 billion of them. For context, the Blackwell generation had 208 billion.
- INFERENCE: It’s 5x faster than Blackwell.
- COST: It slashes the cost of AI "tokens" by 10x.
This is why nvda price today per share stays resilient despite the "AI is a bubble" headlines. When you can tell a customer like Microsoft or OpenAI that they can get 5x the performance for a fraction of the power cost, they don't stop buying. They buy more.
Why the $4.5 Trillion Market Cap Feels Fragile to Some
NVIDIA is sitting at a $4.54 trillion market cap right now. That is a massive number. To put it simply, NVIDIA is worth more than most countries' GDPs.
But there’s a catch.
Investors are getting twitchy about "hyper-scalers"—the Big Tech companies like Meta and Google—spending $600 billion on infrastructure. The fear is that if these companies don't see an immediate ROI on their AI software, they’ll stop buying NVIDIA hardware.
RBC Capital just initiated coverage with an "Outperform" rating and a price target of $240. That suggests there is still 40% upside from here. But if you look at the bear case, some analysts have targets as low as $139. They’re worried about the "memory wall" and the fact that HBM4 memory production is hitting bottlenecks.
The Real Numbers (No Fluff)
| Metric | Value (Jan 15, 2026) |
|---|---|
| Closing Price | $187.05 |
| 52-Week High | $212.19 |
| Market Cap | $4.54 Trillion |
| Q3 Revenue | $57.0 Billion |
| Data Center Rev | $51.2 Billion |
Networking is the "secret" growth engine nobody talks about. Nearly 90% of people buying NVIDIA GPUs are now also buying their networking gear (Spectrum-X, InfiniBand). In Q3, networking revenue hit $8.2 billion, up 162%. NVIDIA isn't just the engine; they're the entire car, the road, and the gas station.
What This Means for Your Portfolio
If you're looking at nvda price today per share and wondering if you missed the boat, you have to look at the "Rubin" timeline. Mass production for the new chips is slated for the second half of 2026.
Usually, the stock prices in these shifts about six months early.
The immediate next steps for any serious investor involve watching the trade negotiations. The 25% tariff mentioned by the White House on certain advanced semiconductors is a wildcard. If those tariffs eat into margins, that $187 price point might look like a peak. But if the China revenue starts flowing back in at $5 billion a clip, $187 will look like a bargain.
Actionable Insights for NVDA Traders:
- Watch the HBM4 Bottleneck: If SK Hynix or Micron report more production delays, expect NVDA to feel the heat.
- Monitor the "Attach Rate": If customers start buying GPUs but skipping the networking gear, the "moat" is shrinking.
- Check the China Approval: The U.S. said yes, but China’s own regulators haven't fully signed off on the H200 imports yet. That's the next big binary event.
NVIDIA is no longer a gaming company. It is the plumbing of the global economy. Whether the stock hits that $240 target depends entirely on whether the world can keep finding ways to use the massive amount of compute Jensen is churning out.