Nvidia Notches New Record Ahead of May 20 Earnings

Overview

• Nvidia closed at $219.44, its third record finish of 2026, after a four-day climb of 13% that added about $550 billion in market value.
• The next catalyst is the May 20 earnings report, where Wall Street expects about $78.6 billion in quarterly revenue, up roughly 78% from a year ago.
• Even with new highs, the stock is up 15% this year, lagging Intel and AMD, which have surged on interest in CPUs that run AI inference.
• Analyst views remain upbeat, with a consensus Buy and an average target near $275, while Melius’s Ben Reitzes sets a street-high $380 and argues the shares trade at a discount to AMD.
• Recent filings show Warm Springs Advisors trimmed its stake by 4.8% while keeping Nvidia as its top holding, and insiders sold more than 906,000 shares over three months worth about $162.8 million.