NVDA in Focus as Nvidia Reportedly Eyes Investment in Perplexity at $30 Billion+ Valuation

Nvidia is reportedly in talks to invest in AI search startup Perplexity in a funding round that could value the company above $30 billion, according to a report published August 24, 2026. Perplexity’s annualised revenue has climbed past $750 million, up from less than $250 million earlier this year. The timing also puts NVDA stock in focus ahead of Nvidia’s August 26 earnings report. Could the investment add another piece to Nvidia’s AI growth story?

Nvidia-Perplexity Investment: What We Know So Far

Deal Could Value Perplexity Above $30 Billion

Nvidia is reportedly discussing an equity investment in Perplexity that could value the AI search startup above $30 billion. The Information first reported the talks on August 23, while Reuters confirmed the report on August 24. The round could raise billions of dollars and push Perplexity’s valuation more than 50% above its previous $20 billion financing. Perplexity has also attracted major backers, including Jeff Bezos and SoftBank Group.

NVIDIA preparing a major investment in Perplexity :

– $NVDA is reportedly discussing an investment in Perplexity as part of a funding round valuing the AI search startup at more than $30B — over 50% above its previous $20B valuation.

– Perplexity’s annualized revenue has… pic.twitter.com/0Exa9xvjCp

— OpenlabX (@openlabxorg) August 24, 2026

Perplexity’s Revenue Surge Changes the Story

Perplexity’s annualised revenue has risen above $750 million, compared with less than $250 million at the start of 2026. The Information attributed much of that increase to Perplexity Computer, an AI agent that automates computer tasks for professionals. CEO Aravind Srinivas has said Perplexity aims to go public by 2028.

Why Nvidia Could Want a Bigger Role in Perplexity?

From AI Chips to AI Applications

Nvidia’s interest fits with its broader strategy. The company has invested across chips, networking, data centers and AI software. Nvidia previously considered licensing Perplexity technology and hiring staff. A direct equity investment could give Nvidia a stronger connection to the application layer, where search assistants and AI agents are expected to capture more value.

A Strategic Relationship Ahead of the AI Agent Boom

AI agents are moving beyond simple chat and into tasks that can be completed with less human input. Nvidia CEO Jensen Huang has described agentic AI as a major growth area. Nvidia’s first-quarter fiscal 2027 results showed the scale of demand behind that market. Data Center revenue reached $75.2 billion, up 92% year over year. As agents become more capable, they could require substantial compute, giving Nvidia another source of demand beyond hardware sales.

What the Perplexity Deal Could Mean for NVDA Stock?

Investment Comes Just Before Nvidia Earnings

NVDA is heading into a major catalyst week. Nvidia will report fiscal second-quarter 2027 results on August 26, following the quarter ended July 26. Its previous quarter delivered record revenue of $81.6 billion, up 85% year over year, while Data Center revenue rose 92% to $75.2 billion. Nvidia’s Q2 guidance calls for $91 billion in revenue, plus or minus 2%. The Perplexity report adds another indication of how Nvidia is building its position across the AI market.

The Bigger Question for Investors

The Perplexity investment by itself is unlikely to change Nvidia’s earnings outlook. The strategic signal may matter more. Nvidia is putting capital into partnerships and companies that can extend its reach across the AI stack. That could create new opportunities, but it also brings execution risks. Investors will want to see whether these deals translate into a stronger Nvidia ecosystem, higher chip demand and greater software reach.

Perplexity’s $30 Billion Valuation: Opportunity or AI Premium?

A valuation above $30 billion looks demanding against annualised revenue of more than $750 million. Perplexity’s rapid growth helps explain the premium. Its revenue has more than tripled since January, while demand for AI search and agents continues to expand. Competition remains intense, though. Larger technology companies have deeper resources and established distribution channels.

For NVDA investors, the bigger issue is whether Perplexity can turn its rapid revenue growth into durable profits. Nvidia also trades with high expectations, which makes execution even more important.

Conclusion: Nvidia’s AI Bet Gets Bigger

Nvidia’s reported talks with Perplexity show how far its AI strategy now reaches. The potential $30 billion-plus valuation reflects Perplexity’s sharp revenue growth, while Nvidia’s August 26 earnings could provide a larger test for the AI trade.

Meyka rates NVDA A with a $244 12-month target. Wall Street’s average target is around $305, while Benchmark’s Cody Acree maintained a Buy rating and a $335 target. Meyka’s AI stock analysis tool shows a constructive but measured technical view, with prior analysis noting RSI near 51. The stock closed at $214.72 on August 21, below its May high.

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