Key Highlights
- NVDA advanced 2% to $219.44 on May 11, marking its third all-time closing high of 2026 during a four-session winning streak.
- The chip giant surged 13% across four trading days, increasing market capitalization by approximately $550 billion.
- The company’s 15% year-to-date performance lags behind Intel and AMD, each of which have doubled during the same period.
- Fiscal Q1 results scheduled for May 20 represent a critical milestone; consensus estimates call for $78.6 billion in revenue, reflecting 78% annual growth.
- Ben Reitzes from Melius Research maintains the highest street price target at $380, suggesting NVDA trades at approximately half the valuation of AMD.
Nvidia shares finished Monday’s trading session at $219.44 on May 11, gaining 2% for the day and establishing the company’s third record closing price of 2026. The session marked the fourth consecutive day of positive momentum, representing NVDA’s longest winning streak since October 29, 2025.
The prior record close stood at $216.61, achieved on April 27.
During this four-session rally, shares appreciated 13% and contributed approximately $550 billion to the company’s market capitalization. For perspective, fewer than 18 publicly traded U.S. corporations command a total market value exceeding $550 billion. Nvidia’s market capitalization currently stands at $5.33 trillion.
The advancement occurred amid broader enthusiasm surrounding AI chips that elevated the entire sector. However, Nvidia has underperformed certain competitors on a year-to-date basis.
Trailing Performance Relative to Intel and AMD
While achieving record territory, NVDA has gained only 15% year-to-date through the previous Friday. Intel and AMD have both delivered approximately 100% returns during the same 2026 timeframe.
The explanation centers on investor attention shifting toward CPUs and their function in AI inference — the operational phase where trained models execute tasks and generate results. This domain belongs primarily to AMD and Intel.
“The gold-plated investment in AI is now stagnating, while the second in line are making new highs almost every day,” observed Richard Windsor, an independent analyst at Radio Free Mobile. “The market’s attention has also passed from chip supply to electricity supply and CPUs, as these are rapidly becoming a bottleneck.”
This represents a significant evolution for the enterprise that has commanded the AI hardware narrative throughout recent years.
Attention Turns to May 20 Earnings Release
Nvidia faces its next pivotal moment on May 20 with the release of fiscal Q1 financial results.
Analyst consensus anticipates quarterly revenue reaching $78.6 billion — representing 78% growth compared to the prior-year period.
Ben Reitzes from Melius Research anticipates “a strong report with a meaningful beat and raise.” He contends NVDA represents attractive value, trading at approximately a 50% discount to AMD after accounting for stock option compensation.
Reitzes holds the most optimistic Wall Street price target at $380, based on FactSet data.
Among 70 analysts monitored by FactSet, 65 assign Nvidia a Buy rating. A separate compilation of 42 analysts yields a Strong Buy consensus, comprising 40 Buy recommendations, one Hold, and one Sell over the trailing three months.
The mean price target across these 42 analysts reaches $274.38 — suggesting approximately 24% appreciation potential from present trading levels.
