Summary
- • • Nvidia closed at a record $219.44, up 2%, on May 11, 2026 — third record close of the year
- • • Market cap reached $5.33 trillion after adding ~$550B across four consecutive trading days
- • • Rivals Intel and AMD have each doubled in 2026, far outpacing Nvidia's 15% YTD gain
- • • Q1 revenue consensus at $78.6B (up 78% YoY) with earnings report due May 20
Details
Nvidia closed at a record $219.44 on May 11, 2026, up 2% on the day
Third record close of 2026 and the stock's best four-day stretch since October 29, 2025. The prior record close was $216.61 set on April 27, 2026, reflecting sustained momentum into earnings season.
Nvidia's market cap reached $5.33 trillion after adding ~$550B over four trading days
The four-day rally represents one of the largest short-term market cap additions in Nvidia's history, reflecting sustained institutional and retail enthusiasm for AI infrastructure.
Wall Street consensus expects Nvidia Q1 revenue of $78.6 billion, up 78% year-over-year
Earnings are scheduled for May 20, 2026. The strong revenue growth expectation reflects continued hyperscaler and enterprise demand for Nvidia's GPU-based AI hardware.
Intel and AMD stocks have each doubled in 2026, far outpacing Nvidia's 15% gain
Both rivals have rallied on investor interest in CPU-based AI inference, seen as the next stage of AI deployment. This suggests investors are broadening AI chip exposure beyond Nvidia's GPU dominance.
CPU inference emerging as the next major investment theme in AI chips
AI inference — running already-trained models at scale — is increasingly viewed as a workload where Intel and AMD CPUs can compete, expanding the addressable market beyond GPU-centric plays.
42 Wall Street analysts cover NVDA: 40 Buy, 1 Hold, 1 Sell; avg price target $274.38
The consensus target implies approximately 24% upside from the May 11 record close of $219.44, indicating analysts still see substantial appreciation potential despite the elevated valuation.
Market Impact = stock and sector movements, Financials = revenue and valuation data, Insight = analyst interpretation, Stat = quantitative data point
What This Means
Nvidia's record close and $5.33 trillion market cap confirm it remains the anchor stock of the AI infrastructure trade, but the relative underperformance versus Intel and AMD signals that investors are broadening their AI chip bets beyond GPUs. The emerging CPU inference narrative — where Intel and AMD processors compete for running models at scale — could pressure Nvidia's premium multiple if competitors demonstrate they can capture meaningful inference market share at lower cost. The May 20 earnings report will be the next major catalyst: a beat could reaccelerate NVDA's relative performance, while any guidance disappointment may accelerate rotation into CPU-focused chip names.