Nvidia Stays Underappreciated at $5 Trillion After AI Earnings Beat

Nvidia shares settled near $215 with a roughly $5.2-5.5 trillion market cap in the days after its May 20 fiscal Q1 results, extending a strong multi-week rally driven by AI demand. The company guided approximately $78 billion in quarterly revenue, supported by $95 billion in supply commitments and hyperscaler data-center capex forecasts scaling toward $3-4 trillion annually by 2030. Despite competition from custom chips at Google, Meta and others, recent commentary highlights Nvidia’s still-dominant position in AI training and inference plus attractive forward multiples near 26-27x as the stock remains viewed as underappreciated even after 14 straight quarters of beats.