NVIDIA, the global leader in AI computing power, released its fiscal Q1 2027 earnings after the US market closed on May 20, once again delivering results that far exceeded Wall Street expectations.
Here are the key financial highlights: Total revenue reached $81.62 billion, surpassing analyst estimates of $79.7 billion and marking an 85% year-over-year increase. The data center segment maintained its dominant position, with revenue jumping 92.4% year-over-year to $75.24 billion—accounting for over 92% of total revenue and exceeding market forecasts of $73.47 billion. Profitability remained robust, with GAAP net income at $58.321 billion, up 211% year-over-year. Adjusted non-GAAP EPS rose 140% to $1.87. Gross margin stood at 75.0%, slightly below last quarter’s record high but still above analyst expectations of 74.5%, holding near historical peaks.
In terms of shareholder returns, NVIDIA’s board authorized an additional $80 billion for share repurchases and raised the quarterly dividend sharply from $0.01 to $0.25 per share. Looking ahead, NVIDIA’s Q2 revenue guidance midpoint is $91 billion, beating the analyst consensus of $86.84 billion. Notably, this guidance does not include any data center computing revenue from China.
Despite the strong report, NVIDIA’s stock price followed a classic "sell the news" pattern after the announcement. On May 20, NVIDIA closed at $223.47, up 1.30% for the day, with an intraday high of $226.13. However, shares turned lower after hours, dropping over 3% at one point, and ultimately settled down about 1%. Analysts noted that while the financial results were impressive, market expectations had reached extremely high levels, and investors focused on whether the upside surprise was large enough. Over the past ten quarters, NVIDIA’s actual revenue has exceeded management guidance by an average of 7-8%. This quarter, revenue only beat the guidance midpoint by 4.6%, reflecting a more muted surprise.
Jensen Huang’s core statement in the earnings release—"The buildout and expansion of AI factories is accelerating. Agent AI has arrived, performing productive work and creating real value"—is positive for the long term, but with short-term valuations already fully priced in, it did not immediately boost after-hours trading. This underscores that NVIDIA’s current valuation is at historic highs, and future share price gains will depend more on continued performance.
NVDAX Latest Update: $221.6, Consolidating at Highs Awaiting New Catalysts
As of May 21, 2026, the real-time quote for NVDAX (NVIDIA xStock) on Gate is approximately $221.6.
Reviewing recent price action, NVDAX hit a record high of $240 on May 15, then entered a period of consolidation. Three core drivers fueled this rally. First, demand for AI computing power continues to surge. According to semiconductor research firm SemiAnalysis, the rental price for NVIDIA H100 chips soared from $1.70 per GPU per hour in October 2025 to $2.35 in March 2026—a nearly 40% increase in just six months. Second, OpenAI completed a massive $122 billion fundraising round, with NVIDIA both supplying chips and serving as a key investor, further cementing its central role in the AI ecosystem. Third, a global wave of semiconductor price hikes has boosted industry sentiment, and NVIDIA, as the "pick-and-shovel" provider of AI infrastructure, directly benefits.
NVDAX is essentially a tokenized tracking certificate issued by Swiss-compliant platform Backed Finance, designed to mirror the stock price of NVIDIA Corporation. Each NVDAX token is backed 1:1 by actual NVIDIA shares held by a regulated third-party custodian, ensuring tight price linkage with the underlying NVDA stock. Importantly, NVDAX does not grant holders traditional shareholder rights, including voting or dividend entitlements. Investors should be fully aware of these product characteristics to avoid confusing NVDAX with conventional equity ownership.
On Gate, NVDAX belongs to the Gate xStocks tokenized equity section, allowing users to trade with USDT settlement and offering 1–10x leverage for both long and short positions. The core value proposition of NVDAX lies in its around-the-clock trading—investors can react to after-hours earnings and major news events 24/7, without waiting for the next US market open to adjust positions. Gate’s cumulative trading volume for stock tokens has surpassed $1.4 billion, rapidly establishing the platform as a major player in the tokenized equity market.
Wall Street Raises Price Targets: NVDA’s Long-Term Thesis Unshaken by Short-Term Volatility
Despite short-term pullbacks driven by profit-taking and elevated expectations, major Wall Street investment banks collectively raised NVIDIA’s price targets after the earnings release. Citi analysts increased their target from $150 to $180, maintaining a "Buy" rating and highlighting NVIDIA’s strong sales and rapid expansion of Blackwell GPU products. TD Cowen boosted its target from $140 to $175. Morgan Stanley raised its target from $160 to $170, while Cantor Fitzgerald maintained a near-term target of $200.
NVIDIA’s current market cap stands at roughly $5.4 trillion, with a five-year cumulative gain of over 1,400%. On a broader scale, the highest analyst target reaches $315, reflecting the upper bounds of market optimism. The focus has shifted from "valuation expansion" to "performance delivery." Bank of America analyst Vivek Arya’s team noted that NVIDIA’s valuation-driven rally based on the AI narrative is largely over, and future share price growth will rely more on sustained EPS increases. Even if the next-generation Rubin platform outperforms, its impact on the stock is likely to come from realized results rather than a "performance + valuation" double boost.
How to Trade NVDAX on Gate: 24/7 Access to the AI Computing Era
For investors seeking exposure to NVIDIA’s share price via crypto assets, NVDAX (NVIDIA xStock tokenized equity) on Gate offers a convenient entry point. Its core trading features include:
- 24/7 trading: NVDAX can be traded continuously even during US stock market closures (4:00 PM to 9:30 AM ET), allowing timely responses to after-hours earnings and major news.
- Fractional investment: Minimum investment starts at just $10, dramatically lowering the barrier to entry for high-priced NVIDIA shares.
- Direct USDT settlement: Global users can trade tokenized US equities directly with USDT, without needing a traditional US brokerage account.
- Leverage tools: The xStocks section supports 1–10x leverage for both long and short trades, giving investors flexible options based on their risk preferences.
Summary
NVIDIA’s Q1 earnings showcased the resilient demand for AI computing power and the company’s unshakable market leadership—with $81.62 billion in revenue up 85% year-over-year, data center business accounting for over 90% of revenue, an $80 billion buyback authorization, and a sharply increased dividend. However, with market expectations at historic highs, the stock saw a modest pullback after hours, reflecting stricter standards for upside surprises. Meanwhile, Wall Street’s collective target upgrades signal continued strong confidence in NVIDIA’s long-term fundamentals from both industry and capital markets.
For investors, NVDAX on Gate offers a flexible channel to capture NVIDIA’s fundamental growth drivers and leverage 24/7 trading to get ahead of earnings windows and macro events. Important note: NVDAX is a price-tracking product and does not confer shareholder rights (including voting and dividend entitlements). Tokenized equity trading involves crypto asset market volatility, regulatory uncertainties, and risks associated with the underlying asset. Please fully understand these risks and make prudent decisions before trading NVDAX.
FAQ
What is NVDAX? How does it relate to NVIDIA’s common stock (NVDA)?
NVDAX is a tokenized tracking certificate issued by Swiss-compliant platform Backed Finance, representing the price performance of NVIDIA (NVIDIA Corporation). Each NVDAX token is backed 1:1 by actual NVIDIA shares held in custody, and its price typically closely tracks the US-listed NVIDIA stock.Does NVDAX grant shareholder rights (voting, dividends)?
No. According to Backed Finance’s product page, NVDAX is a price-tracking product and does not grant holders traditional shareholder rights, including voting and dividend entitlements.What are the main differences between trading NVDAX on Gate and conventional US stock accounts?
The main differences are trading hours and investment thresholds. Gate supports 24/7 trading of NVDAX, while traditional US stock trading is limited to Monday–Friday, 9:30 AM–4:00 PM ET. NVDAX allows fractional trades starting at just $10, and users can participate directly with USDT without opening a US brokerage account.What are the primary risks when trading NVDAX?
Several risks need attention: First, the fundamental and competitive risks of NVIDIA’s stock itself; second, regulatory policies for tokenized equities are still evolving globally; third, bid-ask spreads for tokenized assets may widen in different liquidity environments, especially outside US trading hours; fourth, NVDAX is a price-tracking product, and its price formation depends on the underlying NVDA stock.How do I start trading NVDAX on Gate?
Simply register a verified Gate account, deposit USDT, search for the NVDAX/USDT pair in the Gate xStocks section or spot market, and place a market or limit order to begin trading.
