NVIDIA shares up 2.7% May 17

Nvidia shares rose 2.7% in afternoon trading on May 17, extending investor focus on the chipmaker ahead of its May 20 earnings report. Yahoo Finance said the move came as sentiment improved after a Bank of America price-target increase and as analysts published fresh previews of the company’s first-quarter fiscal 2027 results. Nvidia has scheduled its earnings call for May 20 at 2 p.m. Pacific, according to its investor relations website. Bank of America analyst Vivek Arya raised his price target on Nvidia to $320 from $300 on May 13 while maintaining a Buy rating, according to a Yahoo Finance item that summarized the note. That target hike became one of the clearest catalysts cited in coverage of the stock’s May 17 move. Yahoo Finance said the same note pointed to a projected $1.7 trillion artificial-intelligence data-center total addressable market by 2030 and accelerating AI sales through 2026 and 2027. (uk.finance.yahoo.com) ### What pushed the stock higher on May 17? Yahoo Finance reported on May 17 that Nvidia’s shares gained in the afternoon session as investors reacted to a combination of the Bank of America target increase and broader optimism about AI-chip demand. The report also cited improved sentiment following a U.S. trade summit in China as part of the backdrop for the move. (finance.yahoo.com) May 15 marked Nvidia’s last regular-session close before the reported May 17 move, with Yahoo Finance showing the stock at $225.32. That left the market heading into the new week with Nvidia already up 20.82% year to date and 67.11% over 12 months, according to the same quote page. ### What are analysts expecting from the May 20 earnings report? Nvidia told investors on April 29 that it would discuss first-quarter fiscal 2027 results for the quarter ended April 26, 2026, on May 20. (uk.finance.yahoo.com) The company said written CFO commentary would be provided ahead of the call and that the webcast would be available through investor.nvidia.com. (finance.yahoo.com) Analyst previews published this week pointed to revenue near the company’s prior outlook. Tickeron said Wall Street expected about $78.8 billion in first-quarter revenue, while TradingKey said consensus was around $78 billion with data-center revenue above $65 billion and gross margin above 74%. ### Why is data-center revenue the number investors are watching? TradingKey said data-center revenue above $65 billion is a central expectation for the quarter, reflecting continued demand tied to Nvidia’s AI systems. (investor.nvidia.com) Seeking Alpha, citing Citi, reported that Citi modeled first-quarter revenue about $1.4 billion above consensus, adding another bullish data point into the run-up to results. (tickeron.com) Nvidia’s most recent annual-quarter filing on its investor site showed fourth-quarter fiscal 2026 revenue of $68.1 billion, up 73% from a year earlier. That figure gives investors a recent baseline as they measure whether the company can sustain the pace implied by current first-quarter estimates. ### What exactly did Bank of America change? (tradingkey.com) Bank of America’s revised target of $320, up from $300, was published on May 13 and cited by multiple market reports over the following days. Yahoo Finance said Arya tied the change to a larger forecast for AI infrastructure spending and to expectations for Nvidia sales growth through 2026 and 2027. (investor.nvidia.com) The price-target move arrived less than a week before earnings, when Wall Street research often shapes short-term trading. Yahoo Finance’s May 17 market item identified that note as one of the immediate supports for the stock during the session. ### When will investors get the next hard numbers? May 20 is the next scheduled milestone for Nvidia investors. (finance.yahoo.com) The company said its first-quarter fiscal 2027 financial results call will begin at 2 p.m. Pacific, or 5 p.m. Eastern, and the webcast will be carried on its investor relations site. (investor.nvidia.com) (uk.finance.yahoo.com)