New York, May 25, 2026, 14:03 EDT
- U.S. stock markets are shut for Memorial Day. Nvidia’s next move in regular trading will have to wait until Tuesday.
- Nvidia finished Friday at $215.33, falling 1.9% for the session. Shares are now down about 4.4% from the May 15 close.
- NVIDIA’s $91 billion revenue target this quarter kept Wall Street watching AI spend, rivals, and supply limits.
Nvidia shares didn’t trade Monday with U.S. markets closed for Memorial Day. Wall Street opens again Tuesday. The AI chipmaker faces pressure even after posting yet another record quarter and giving a sales outlook that beat forecasts.
Nvidia’s timing is key. The stock often trades as a stand-in for AI infrastructure spending. Shares dropped late last week, despite the Dow Jones Industrial Average closing at a record and the S&P 500 posting its eighth weekly gain in a row.
Nasdaq will close for Memorial Day on May 25. Regular trading hours are 9:30 a.m. to 4 p.m. Eastern Time. NYSE schedules a closure for Memorial Day as well, according to its calendar.
Nvidia ended Friday at $215.33 after dropping 1.90% for the day. The stock had already lost 1.77% Thursday, bringing it down from $225.32 where it finished the previous Friday.
Shares fell after big results. Nvidia posted fiscal Q1 revenue of $81.6 billion, an 85% jump year over year. Data-center sales hit $75.2 billion, up 92%. Data centers are where cloud and AI workloads run.
Nvidia is guiding to $91 billion in revenue for the current quarter, give or take 2%, and says that does not include any data-center compute revenue from China. The company also raised its quarterly dividend to 25 cents from 1 cent and cleared an extra $80 billion for stock buybacks.
NVIDIA CEO Jensen Huang said “AI factories” are being built out “at extraordinary speed.” These are data centers set up mainly for AI, rather than standard corporate computing, Huang said. NVIDIA Newsroom
On the earnings call, Huang looked beyond graphics processors. Reuters reported he said Nvidia’s growth should top “hyperscale” capital spending. Hyperscalers run the biggest cloud and internet data centers. He also said Nvidia’s Vera central processor could go after a $200 billion market. CPUs handle computing tasks around AI accelerators. Reuters
Investors didn’t quite buy it. Jacob Bourne, analyst at eMarketer, told Reuters a fresh Nvidia beat was “essentially priced in.” Bourne said the real question comes down to how long AI spending lasts into 2027 and 2028. Reuters
Some sell-side analysts didn’t mince words. Bank of America’s Vivek Arya said, “We ignore this noise,” while upping his price target on Nvidia to $350 from $320, according to Sherwood. Arya also called Nvidia’s hold a “near-monopoly” in AI factories and full-platform support, spots where custom chips don’t matter as much. Sherwood News
Needham & Co. analyst Quinn Bolton bumped his price target on Nvidia up to $270 from $240, saying customers outside the hyperscale space are going after off-the-shelf systems instead of making their own setups. Bernstein’s Stacy Rasgon also upped his target, taking it to $315 from $300. Rasgon called Nvidia a potential “CPU king” as Vera sales ramp. Sherwood News
Nvidia is still dealing with competitive threats. Reuters reported the company is seeing pressure as big customers and rivals like Alphabet’s Google, Advanced Micro Devices, and Intel work on their own custom chips. AI spending has started to move from training models to inference, which means running AI models once they’re built.
Dell is set to report on Thursday, and the market is watching to see if AI server demand is still strong after Nvidia’s results. Traders are betting on a big swing in the stock.
AI stocks face pressure from two angles—a possible slowdown in cloud spending or fallout from inflation and energy shocks. Reuters’ latest week-ahead note flagged U.S. PCE inflation data set for release this week. Energy traders are still watching risks tied to the Strait of Hormuz.
Nvidia comes into Tuesday with a strong quarter behind it. The question is whether its $5 trillion market cap can keep rising if good news isn’t moving the stock anymore.
