Key Highlights
- Nvidia shares declined 0.7% during Monday’s premarket session, trading at $213.64, approaching its April 27 record closing price of $216.61.
- Year-to-date gains of 15% for NVDA lag behind competitors Intel (INTC) and AMD, which are experiencing momentum from AI inference CPU demand.
- Market analyst Richard Windsor from Radio Free Mobile indicates the industry focus has transitioned from semiconductor availability to power infrastructure and CPU capacity constraints.
- Warm Springs Advisors reduced its NVDA holdings by 4.8%, while the position remains the fund’s largest at 13.9% of total assets.
- Investors are positioning ahead of Nvidia’s quarterly earnings announcement scheduled for May 20.
Nvidia continues its impressive 2025 performance, though a notable shift is emerging in the semiconductor landscape. The company that became synonymous with AI acceleration is watching several chip industry rivals accelerate past its recent gains.
Shares fell 0.7% to $213.64 during Monday’s premarket session. Friday’s closing price of $215.20 came within striking distance of the all-time record close of $216.61 reached on April 27.
Nvidia has delivered a 15% gain so far this year. While respectable, this performance pales compared to the trajectories of Intel and AMD. These competitors have surged higher as investors respond enthusiastically to their central processing units’ role in AI inference applications.
Richard Windsor, an independent technology analyst behind Radio Free Mobile, offered this perspective: “The gold-plated investment in AI is now stagnating, while the second in line are making new highs almost every day.”
Windsor noted that the primary constraint for AI deployment has evolved beyond chip availability, with electricity infrastructure and CPU capacity emerging as the new limiting factors.
Fund Holdings and Wall Street Sentiment
During Q4, Warm Springs Advisors reduced its Nvidia stake by 4.8%, disposing of 4,872 shares. The fund maintains a substantial position with 96,419 shares valued at approximately $17.98 million — representing its top holding at 13.9% of portfolio weight.
Institutional investors and hedge funds collectively control 65.27% of outstanding Nvidia shares. Wall Street analysts maintain a consensus “Buy” recommendation, with 48 analysts rating it Buy and 4 issuing Strong Buy recommendations. The average target price stands at $275.25. Cantor Fitzgerald projects a $300 price target, while Royal Bank of Canada forecasts $250.
Upcoming Catalysts and Performance Metrics
Nvidia’s previous quarterly results, announced February 25, exceeded Wall Street projections across all metrics. The company delivered earnings per share of $1.62 versus the $1.54 consensus estimate, while revenue reached $68.13 billion against forecasts of $65.56 billion. Revenue climbed 73.2% compared to the year-ago period.
Goldman Sachs has maintained its Buy recommendation heading into the upcoming release and increased its earnings estimate. The May 20 earnings announcement represents the critical near-term catalyst for market participants.
Nvidia commands a market capitalization of $5.23 trillion. The stock’s 52-week range spans from a low of $115.21 to a recent high of $217.80. The 50-day moving average currently sits at $187.59.
Recent strategic announcements include collaborations with Corning and IREN, moves analysts interpret as Nvidia’s effort to expand its influence across AI infrastructure.
Regarding insider transactions, director John Dabiri divested 3,004 shares in March at $184.90 per share, while EVP Ajay K. Puri sold 300,000 shares at $182.25. Insider selling activity over the past quarter exceeded 906,000 shares with a combined value approaching $162.8 million.
