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NVIDIA Hovers Near $199 as Stock Split Buzz Builds Post-OpenAI Dip

NVIDIA shares trade near $198.61 after fading below $200 from late-April record highs of $216.61, driven by a WSJ report on OpenAI missing user/revenue targets that fueled AI spending doubts and rotation into peers. The stock had rocketed ~30% post-Q4 FY2026 blowout ($68.13B revenue +73% YoY; data center $62.31B +75%) and Q1 FY2027 guidance of ~$78B, peaking market cap at $5.26T. Analysts stick to ~$268 targets (25-26x forward P/E), calling it a buy ahead of May 20 earnings, with latest talk eyeing a future stock split after 480-for-1 history.

Category

NVIDIA

Sentiment

Bullish

Event

Market commentary

Reading time

1 min