NVIDIA Corporation (NASDAQ: NVDA) shares were trading around $218.13 on Friday, May 22, within a day range of $215.16 to $221.49, as investors continued processing the chipmaker’s latest blockbuster quarterly report.
The stock was roughly flat on the day after surging in prior sessions on the back of its fiscal year 2026 earnings release, which revealed annual revenue of $215.94 billion, a 65% jump year-on-year.
NVDA holds a 52-week range of $129.16 to $236.54, placing the current price well within bull market territory, up around 69% from its 52-week low.
NVIDIA currently holds the title of the world’s largest company by market capitalisation, with a value of approximately $4.6 trillion.
The company also made a significant announcement this week, unveiling one of the largest share buyback programmes ever disclosed by a public company.
Analysts at Bank of America named NVDA as one of their top two AI chip picks for what they described as the emerging agentic AI boom, maintaining high conviction in the stock.
Nvidia spent approximately $18.6 billion on venture investments in the most recent quarter, according to filings reviewed on Friday, directing capital toward its partner ecosystem.
A deal was also confirmed this week in which the US Department of Defense signed an agreement with NVIDIA covering lawful use of its technology for national defence applications.
Volume on May 22 reached 96.21 million shares against an average daily volume of 164.33 million, suggesting relatively subdued turnover following the post-earnings surge.
The average analyst price target for NVDA stands at $294.22, implying upside of roughly 35% from current levels, with a strong buy consensus among 62 analysts.
