Nvidia Stock Price Hits Fresh Record After Blowout Earnings—What It Means for NVDA Investors

Shares of Nvidia (NASDAQ: NVDA) finished Tuesday at $131.29, edging higher as traders positioned ahead of the chipmaker’s fiscal-Q1 2026 earnings report slated for after Wednesday’s bell. The move extends a four-week rally that has already pushed the stock up roughly 18 % in May, leaving NVDA less than 4 % shy of its all-time closing high. Why the buildup matters • Options market signals: Derivatives pricing implies a post-earnings swing of roughly 9 %, larger than the average 7 % one-day move following Nvidia’s last eight reports. That elevated “implied volatility crush” hints at unusually high demand for protection and upside exposure—classic hallmarks of a momentum-driven event. • $7 trillion in buying power: Bloomberg estimates global investors hold a combined $7 trillion in cash or near-cash assets that could be redeployed if Nvidia delivers another blockbuster outlook for AI data-center chips. • Supply-chain read-throughs: Advanced Micro Devices, TSMC, and Super Micro Computer have all guided aggressively on AI server demand, setting the bar high for Nvidia to confirm continued scarcity of its H200 and Blackwell GPUs. Key metrics Wall Street is watching 1. Data-center revenue growth. Consensus calls for a 245 % YoY jump to $24.7 billion. Any figure north of $25 billion could trigger a breakout above the $135 resistance zone. 2. Gross margin trajectory. Last quarter’s 76 % margin stunned analysts; a print north of 77 % would reinforce Nvidia’s pricing power amid constrained supply. 3. Buyback firepower. Nvidia repurchased $7 billion of stock last quarter and still has $19 billion authorized. Fresh authorization could offset dilution from ongoing stock-based compensation. Technical picture NVDA’s 50-day moving average currently sits at $118, well below spot, while the relative strength index hovers near 68—approaching, but not yet in, overbought territory. Bulls argue a decisive close above $135 could open the door to a measured-move target near $148, based on the width of the March-April consolidation channel. Risks to the bull case • PC gaming softness: GeForce unit shipments are forecast down mid-single digits sequentially, a reminder that not every Nvidia segment is firing on all cylinders. • China export restrictions: Management may again flag licensing uncertainty, which capped upside during last November’s call. • Lofty valuation: At 39× forward sales, NVDA trades at a premium to every other megacap tech name; even a small guidance miss could spark a sharp multiple compression. Bottom line With AI infrastructure spend still in hyper-growth mode and trillions in sidelined cash awaiting confirmation, Nvidia’s earnings have the potential to reset the broader chip sector’s trajectory. A top-line beat paired with upbeat guidance could catapult NVDA to fresh highs and reignite momentum across the AI hardware supply chain. Conversely, any stumble on data-center numbers or margins could intensify the profit-taking seen after April’s broad tech sell-off. All eyes now turn to Wednesday’s tape for the next catalyst in the Nvidia stock-price saga.