According to the Gate Stock Token page, the tokenized NVIDIA stock NVDAX is currently priced at $223.7, up 2.5% over the past 24 hours. This pricing closely tracks the robust performance of NVIDIA’s underlying stock (NASDAQ: NVDA) in the US equity market, offering Gate platform users a convenient 24/7 channel to monitor the leading AI chipmaker. On Monday, May 11, NVIDIA’s share price briefly hit $223.75 during intraday trading, marking a new all-time high with a daily gain of about 1.97% and a short-lived market cap surpassing $5.4 trillion. On Tuesday, May 12, the stock closed at $220.78, up 0.61% for the day, marking five consecutive sessions of gains.
NVIDIA Hits All-Time High: Multiple Catalysts Driving Momentum
NVIDIA’s recent surge is powered by three core factors working in tandem.
First, mass production of the Vera Rubin AI chip is imminent. Multiple sources confirm that NVIDIA has finalized production plans for the Vera Rubin AI chip with several original design manufacturers, with trial production expected to begin in June. Large-scale shipments to global cloud service giants such as Microsoft, Google, Amazon, Meta, and Oracle could start as early as July. As the successor to Blackwell, Vera Rubin represents a new generation of supercomputing architecture and is seen as a pivotal step for NVIDIA to reinforce its dominance in AI computing. The established production timeline has fueled optimistic market expectations for NVIDIA’s revenue growth over the next 12–24 months.
Second, Wall Street institutions are aggressively raising price targets, with bullish sentiment prevailing despite valuation debates. On May 12, Wells Fargo raised its target price for NVIDIA from $265 to $315 and maintained its "Overweight" rating. Analysts noted, "Demand for compute continues to outpace supply. NVIDIA’s ability to build and scale gigawatt-class AI infrastructure will be a key driver of revenue growth." Notably, Wells Fargo projects that NVIDIA’s AI product line, centered on Blackwell, could generate over $1 trillion in incremental revenue by 2027. The current price-to-earnings ratio based on 2027 earnings forecasts is already below 20x, making NVIDIA particularly attractive among major semiconductor growth stocks.
Third, the impact of Trump’s visit to China on May 13 and chip export controls has already been priced in by the market. US President Trump arrived in Beijing this evening for a roughly 36-hour visit, with a meeting scheduled with President Xi Jinping tomorrow. The delegation includes 16 corporate executives such as Elon Musk (Tesla), Tim Cook (Apple), and Dave Calhoun (Boeing), but NVIDIA CEO Jensen Huang was not invited. The market interprets this as a sign that the White House remains unwilling to ease restrictions on high-end AI chip exports to China. Despite this, NVIDIA’s stock has not shown any significant negative reaction—analysts generally believe that due to US export controls, NVIDIA’s high-end AI accelerator revenue in China is already near zero, and this factor has long been absorbed by the market. As of publication, $NVDA shares are up nearly 5%, indicating investors are focusing on fundamentals rather than "external noise."
Gate NVDAX: 24/7 Opportunity Window for Tracking NVIDIA Price Action
As a flagship tokenized stock in Gate’s dedicated section, NVDAX is issued via both Solana SPL and ERC-20 standards, pegged 1:1 to NVIDIA’s underlying stock with tightly linked pricing. This means that when major news breaks for NVIDIA during US market off-hours, Gate users can react and trade NVDAX in the crypto market, ensuring they never miss a trading window.
Gate maintains a leading position in the tokenized stock sector. By early 2026, cumulative trading volume in Gate’s stock token section surpassed $140 billion, with a monthly market share as high as 89.1%, ranking first in the industry. Gate also excels in NVDAX contract trading, with NVIDIA contract positions and trading volume leading among major platforms. The Gate stock token section supports both spot and perpetual contract trading (USDT settlement), offering flexible leverage options from 1:1 up to 1:10 for both long and short strategies, catering to users with varying risk preferences.
Industry Catalysts Beyond Chips: Dual Confirmation of Compute Demand and Blackwell Revenue
The upward momentum for NVDAX is not just about technological upgrades at the chip level—it’s also backed by clear, data-driven confirmation of AI industry-wide compute demand.
Compute leasing prices validate real demand. According to semiconductor research firm SemiAnalysis, the leasing price for NVIDIA H100 chips rebounded to $2.35 per GPU per hour in March 2026, up nearly 40% from the trough. This price movement reflects genuine supply shortages in AI compute, rather than a valuation bubble driven by market sentiment.
Blackwell revenue realization requires ongoing observation, but expectations are anchored at elevated levels. NVIDIA’s latest financial report (Q3 FY2026) shows revenue of $57 billion, up 62% year-over-year, with data center business reaching $51.2 billion, up 66%. The Blackwell architecture is seen as the growth engine moving forward, and the company’s target of $500 billion in core AI chip revenue over the next two years is crucial in the current market context. Notably, Wells Fargo forecasts the AI product line will exceed $1 trillion in revenue by 2027, double the company’s current target, reflecting extremely aggressive growth expectations among institutional investors.
Summary
As of May 13, 2026, NVDAX is quoted at $223.7 on the Gate platform, continuing its strong consolidation after NVIDIA’s record highs. The June trial production of Vera Rubin chips, Wells Fargo’s raised target price to $315, and ongoing expansion of AI infrastructure spending by global cloud service providers form the core logic supporting NVDAX’s medium- and long-term performance. The signals from Trump’s visit to China and Jensen Huang’s absence from the delegation, interpreted as chip export control messaging, are considered "external noise" already priced in by the market. Gate’s 24/7 long-short trading mechanism provides investors with flexible tools to track the performance of NVIDIA, the global engine of AI infrastructure.
Overall, NVIDIA stands as one of the biggest beneficiaries of global AI compute spending, with its product roadmap, revenue growth, and valuation leading among tech giants. As an on-chain tokenized stock, NVDAX captures both the fundamental drivers of NVIDIA’s underlying shares and the benefits of 24/7 trading and flexible leverage in the crypto market. Investors trading NVDAX should continuously monitor NVIDIA’s production progress, the evolution of US–China chip trade policy, and the revenue contributions from Blackwell and Vera Rubin, while carefully considering crypto market volatility and leverage risks to develop prudent investment strategies.
