Quick Summary
- Nvidia shares finished Monday, May 11, at $219.44, marking a 2% gain and the company’s third all-time closing record in 2026.
- Over a four-session winning streak, NVDA rallied 13%, boosting its market value by approximately $550 billion.
- Despite record highs, Nvidia’s 15% year-to-date performance lags behind Intel and AMD, which have each surged roughly 100% in 2026.
- The company’s May 20 quarterly report is the next major event; consensus forecasts call for $78.6 billion in Q1 revenue, representing 78% annual growth.
- Ben Reitzes of Melius Research holds the highest Wall Street target at $380, arguing NVDA trades at approximately half AMD’s valuation when adjusted for stock options.
Nvidia stock wrapped up Monday’s session at $219.44 on May 11, posting a 2% daily increase and notching its third record closing price of 2026. This milestone capped four consecutive sessions of positive momentum, representing NVDA’s longest winning streak since late October 2025.
The chipmaker’s prior closing peak stood at $216.61, achieved on April 27.
During this four-day rally, shares appreciated 13%, translating to approximately $550 billion in additional market capitalization. For perspective, fewer than 20 U.S. corporations command total valuations exceeding $550 billion. Nvidia’s current market cap has reached $5.33 trillion.
This upward movement occurred amid broader enthusiasm surrounding AI chips, which elevated the entire semiconductor sector. However, Nvidia has surprisingly underperformed several competitors on a year-to-date basis.
Trailing Competition from Intel and AMD
While achieving record territory, NVDA has advanced only 15% since January through last Friday’s close. This performance falls short of Intel and AMD, both posting approximately 100% gains during the same 2026 period.
What explains this divergence? Market participants have shifted focus toward central processing units and their critical function in AI inference—the operational phase where trained models execute and generate results. This domain represents AMD and Intel’s competitive strength.
“The premium investment in AI infrastructure is now plateauing, while secondary players are establishing fresh peaks almost daily,” observed Richard Windsor, an independent analyst at Radio Free Mobile. “Market focus has transitioned from semiconductor availability to power supply constraints and CPUs, as these elements are quickly becoming limiting factors.”
This represents a meaningful change for a corporation that has commanded the AI hardware narrative over recent years.
Attention Turns to May 20 Results
Nvidia’s next critical moment arrives May 20 with the release of first-quarter fiscal performance.
Analyst consensus anticipates quarterly revenue reaching $78.6 billion—representing 78% growth versus the prior-year period.
Ben Reitzes from Melius Research anticipates “a robust report featuring a substantial beat and guidance increase.” He further contends that NVDA appears undervalued, trading at approximately 50% below AMD’s multiple after accounting for stock option dilution.
Reitzes maintains the Street’s most bullish stance with a $380 price objective, per FactSet data.
Among 70 analysts monitored by FactSet, 65 assign Nvidia a Buy rating. An alternative survey of 42 analysts yields a Strong Buy consensus, comprising 40 Buy recommendations, one Hold, and one Sell over the trailing three-month window.
The mean price target from these 42 analysts registers at $274.38—suggesting approximately 24% appreciation potential from present levels.
