Quick Summary
- Nvidia stock gained 2% on May 11, finishing at $219.44 for its third all-time closing record of 2026 during a four-session winning streak.
- Over four trading days, NVDA jumped 13%, contributing approximately $550 billion to its market capitalization.
- Despite the record, Nvidia’s 15% year-to-date performance lags behind Intel and AMD, both up roughly 100% in 2026.
- The company’s Q1 earnings report on May 20 represents a critical upcoming event; analysts forecast revenue of $78.6 billion, marking a 78% annual increase.
- Ben Reitzes from Melius Research holds the highest Wall Street price target at $380, claiming NVDA trades at approximately 50% below AMD’s valuation when adjusted for stock options.
Shares of Nvidia finished trading on Monday, May 11 at $219.44 — gaining 2% during the session and marking the company’s third record-high close of 2026. The session represented the fourth consecutive day of positive momentum, NVDA’s longest winning streak since late October 2025.
The chip giant’s prior all-time closing record stood at $216.61, achieved on April 27.
During this four-session rally, shares appreciated 13%, injecting approximately $550 billion into the company’s market value. For perspective, fewer than 20 American corporations carry total market capitalizations exceeding $550 billion. Nvidia currently commands a $5.33 trillion valuation.
This upward momentum accompanied broader enthusiasm surrounding AI chips across the semiconductor industry. However, Nvidia’s 2026 performance has surprisingly underperformed certain competitors.
Trailing Competitors Intel and AMD
Notwithstanding the record-breaking close, NVDA has advanced only 15% year-to-date through the previous Friday. This performance trails both Intel and AMD, which have each approximately doubled during 2026.
What explains this divergence? Market participants have been shifting focus toward CPUs and their critical function in AI inference — the operational phase where trained models execute tasks and generate results. This domain represents AMD and Intel’s competitive strength.
“The premium investment phase in AI infrastructure is now plateauing, while secondary beneficiaries are establishing new peaks nearly daily,” observed Richard Windsor, an independent analyst at Radio Free Mobile. “Market focus has transitioned from chip availability to power infrastructure and CPU capacity, as these elements are quickly emerging as constraints.”
This represents a significant development for a corporation that has controlled the AI hardware narrative throughout recent years.
May 20 Earnings in Focus
Nvidia’s next crucial milestone arrives on May 20 with the release of first-quarter fiscal results.
Analyst consensus anticipates quarterly revenue reaching $78.6 billion — representing a 78% year-over-year surge.
Ben Reitzes from Melius Research forecasts “a robust earnings report with substantial upside and guidance increase.” He further contends that NVDA appears undervalued, trading at approximately 50% below AMD’s valuation when accounting for stock option adjustments.
Reitzes maintains Wall Street’s most bullish price objective at $380, per FactSet’s analyst tracking.
Among 70 analysts monitored by FactSet, 65 assign Nvidia a Buy rating. A separate analyst survey of 42 professionals yields a Strong Buy consensus, comprising 40 Buy ratings, one Hold, and one Sell recommendation issued during the past three months.
The mean price target among these 42 analysts stands at $274.38 — suggesting approximately 24% appreciation potential from present trading levels.
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