NVIDIA shares climbed sharply during the week of May 11, 2026, buoyed by sustained AI infrastructure spending and building momentum ahead of the company’s fiscal first-quarter earnings release scheduled for May 20 after the close. Data-center revenue, which accounts for the vast majority of results, is expected to show continued sequential and year-over-year expansion as hyperscalers maintain elevated capital-expenditure plans. The stock’s recent advance has lifted its market capitalization past $5.5 trillion, reflecting trader consensus on resilient demand for Blackwell and upcoming Rubin platforms. Key variables for the earnings reaction include management commentary on margin sustainability, Blackwell Ultra ramp timing, and any updates to long-term revenue targets. No material regulatory or macroeconomic surprises have altered the near-term trajectory in the past week.