Nvidia’s (NVDA) stock notched its third record close of the year on May 11 as investor enthusiasm over artificial intelligence (AI) and the microchip sector propelled its share price to new heights.
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Trade NVDA with leverageShares of Nvidia finished the trading day up 2% at $219.44. It was the fourth consecutive gain for the stock, marking its best four-day stretch since Oct. 29 of last year, according to market data. The previous record close for NVDA stock was $216.61 on April 27 of this year.
Analysts say Nvidia’s stock is rising ahead of the company’s upcoming earnings report on May 20. The company’s share price has gained 13% and added roughly $550 billion in market capitalization over the past four days. Nvidia’s market capitalization currently stands at $5.33 trillion.
Nvidia’s Lead in AI
While Nvidia is still the world’s leading AI chipmaker, its 15% stock gain this year has lagged far behind rivals such as Intel (INTC) and Advanced Micro Devices (AMD), whose share prices have each doubled in 2026.
Intel and AMD stocks have rallied on investor excitement about the use of their central-processing units (CPUs) for AI inference, which is believed to be the next stage of the artificial intelligence revolution. Still, Nvidia’s earnings are usually a catalyst for the stock. Wall Street expects Nvidia to report revenue for the first quarter of $78.6 billion, up 78% from a year earlier and continuing the company’s growth trajectory.
Is NVDA Stock a Buy?
Nvidia’s stock has a consensus Strong Buy rating among 42 Wall Street analysts. That rating is based on 40 Buy, one Hold, and one Sell recommendations issued in the past three months. The average NVDA price target of $274.38 implies 24% upside from current levels.
