By Naomi Buchanan
Publication Date: 2026-05-13 17:17:00
Nvidia stock is cruising at fresh all-time highs on Wednesday.
The top US AI chipmaker saw shares surge as much as 3% to a high of $227.84 before paring the gain slightly. The rally pushed its market capitalization above $5.5 trillion.
Analysts on Wednesday debuted a fresh batch of bullish outlooks for the company as well as the wider AI trade through the rest of this decade. The optimism around Nvidia stock is also building ahead of the company’s earnings report on May 20.
Nvidia’s fresh record comes as the chipmaker’s CEO Jensen Huang joins President Trump in Beijing as part of the US delegation at the US-China summit.
Analysts at Bank of America and Wells Fargo boosted their price targets for the stock ahead of Nvidia’s fiscal first quarter results next Wednesday.
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