NVIDIA shares fell 2.35% to $220.01 amid a broader tech selloff, despite several analysts raising price targets ahead of the May 20 earnings report. Firms including Morgan Stanley, DA Davidson, and KeyBanc are signaling confidence in the stock, driven by high expectations for Blackwell GPU demand.
- Morgan Stanley raised its price target to $285, while DA Davidson and KeyBanc set targets at $300, anticipating that massive AI infrastructure spending will lead to a Fiscal Q1 beat.
- Sentiment remains cautious as China continues to restrict advanced AI chip imports to favor domestic production, creating regional trade hurdles for the company.
- NVIDIA shares closed at $220.01 on May 18, 2026, marking a 2.35% decline during the trading session.