Nvidia Hits $217 ATH on $2.1B IREN Deal for 5GW AI Infrastructure

Nvidia shares hit a new all-time high near $217 on May 8, 2026, after announcing up to $2.1 billion investment in IREN to deploy 5GW of AI infrastructure, with Wall Street's average PT at $275 (48 Buys). The surge extended a rally from May 4 analyst upgrades (DBS $250 Buy, Bernstein $300 Buy) citing $62.3B Q4 data center revenue (+75% YoY) and Hopper/Blackwell shortages. Momentum built via Huang's AI job-creation comments, OpenAI's $50B 2026 compute spend ($600B through 2030), agentic AI's 1,000% higher compute needs, SpaceX-Anthropic's 220,000-chip deal, TS Lombard's 'hypercycle' thesis, Barclays' top pick, and Schwab's 'never sell' endorsement.