Nvidia (NVDA) Stock Surges to New All-Time High Ahead of May 20 Earnings Report
Nvidia’s stock hit $219.44 on May 11, its third all-time high in 2026 and a 13% gain over four sessions, though its 15% year-to-date rise lags behind Intel and AMD. Analysts expect a 78% revenue jump to $78.6 billion in Q1 earnings on May 20, with bullish price targets up to $380 despite a perceived valuation discount to AMD.
Nvidia’s stock closed at $219.44 on May 11, marking a 2% daily gain and its third all-time high in 2026, extending a four-session winning streak. The surge added $550 billion to its market cap, now $5.33 trillion, though its 15% year-to-date gain trails Intel and AMD, which have each doubled in value. Analysts attribute the underperformance to shifting focus toward CPUs for AI inference, a strength of AMD and Intel. Nvidia’s dominance in AI hardware has waned as electricity and CPU supply become key bottlenecks, according to Richard Windsor of Radio Free Mobile. The company’s May 20 Q1 earnings report is critical, with analysts forecasting $78.6 billion in revenue—a 78% year-over-year increase. Ben Reitzes of Melius Research predicts a strong report with upside potential, citing Nvidia’s valuation as 50% below AMD’s after adjusting for stock-based compensation. Among 70 tracked analysts, 65 rate Nvidia a Buy, with a mean price target of $274.38—24% above current levels. Reitzes remains the most bullish, targeting $380, arguing the stock remains undervalued despite recent gains. Nvidia’s rally reflects broader AI chip demand, but its lagging performance signals evolving market priorities. Investors now weigh whether earnings can sustain momentum amid rising competition in CPU-driven AI applications.
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