By Adam Clark
Nvidia stock was slipping early Monday. The chip maker looks to be taking a breather before making another run at a record high.
The shares were down 0.7% at $213.72 in premarket trading. The stock closed at $215.20 on Friday, just short of its record close of $216.61, reached on April 27.
While Nvidia is still the leading artificial-intelligence chip company, its 15% stock gain this year so far through Friday's close has lagged far behind semiconductor peers Intel and Advanced Micro Devices, which have gained on excitement about the uses of their central-processing units for AI inference.
"The gold-plated investment in AI (Nvidia) is now stagnating, while the second in line are making new highs almost every day," wrote independent analyst Richard Windsor, who publishes the Radio Free Mobile blog. "The market's attention has also passed from chip supply to electricity supply and CPUs, as these are rapidly becoming a bottleneck."
The next major catalyst for Nvidia stock is likely to be its earnings report on May 20.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 11, 2026 06:13 ET (10:13 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments