Nvidia Holds Near $217 as Parabolic AI Demand and Buybacks Fuel Bulls

Nvidia shares continue to trade near $217 into early June after post-earnings volatility, supported by aggressive capital returns and sustained bullish sentiment. The May 20 fiscal Q1 beat showed revenue surging 85% YoY to $81.6 billion with data-center sales of $75.2 billion, prompting $91 billion Q2 guidance, an $80 billion buyback and a 2,400% dividend hike to $0.25. CEO Jensen Huang described AI demand as “parabolic,” while Wall Street lifted price targets toward $294–299. Despite China export risks and hyperscaler custom-silicon threats, the results and shareholder returns have sustained bullish sentiment through late May.