NVIDIA shares fell 0.5% on Friday and closed below the $200 price level. The stock dropped another 0.2% in premarket trading on Monday, remaining just under this closely watched mark.
NVIDIA has only stayed above $200 for two periods: late October to early November 2025 and mid-to-late April. After dropping below $200 last Thursday, the stock did not close above that level on Friday, raising concerns among some technical investors that it may remain under $200 for a while before recovering.
The next important event could be when other companies in the sector report their quarterly results before Nvidia’s own earnings on May 20. GlobalFoundries, Arista Networks, and Super Micro Computer will all report on Tuesday. If any of them share positive news about chip demand or artificial intelligence (AI) infrastructure spending (that is, money spent building the hardware and systems needed for AI), it could improve sentiment for Nvidia by supporting the case for strong demand for AI hardware.
Overall, the outlook is still positive. Large cloud companies plan to spend about $600 billion on capital expenses (money spent to buy or upgrade equipment and buildings) in 2026, with much of that going to build AI infrastructure. Whether this will help NVIDIA stay above $200 will likely depend on whether upcoming earnings reports show that AI optimism is turning into real
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