Overview
- Nvidia shares closed at a record $219.44 on Monday, adding about $550 billion in value over a four‑day, 13% rally.
- Wall Street expects roughly $78.0–$78.6 billion in fiscal Q1 revenue when Nvidia reports on May 20.
- The AI trade has widened to CPUs and memory, with Intel, AMD, Micron and Sandisk posting outsized gains even as Nvidia’s year‑to‑date rise sits near 15%.
- Following Tuesday’s hotter inflation reading, chip stocks fell hard, with Qualcomm down about 13%, Intel off 8% and a broad semiconductor ETF lower by 5%.
- Analysts say the AI build is hitting new choke points in electricity supply and CPU capacity, and they warn the market’s heavy reliance on semiconductor leaders heightens the risk of a sharp swing if earnings disappoint.