NVIDIA stock (US67066G1040): AI infrastructure alliances drive 8.4% rally ahead of earnings

NVIDIA announced major partnerships with IREN and Corning to deploy 5 gigawatts of AI infrastructure and expand U.S. optical production, lifting shares 8.4% in early May. Earnings on May 20 could bring further catalysts.

NVIDIA announced new strategic alliances with IREN and Corning in early May 2026 to deploy up to 5 gigawatts of DSX-aligned AI infrastructure and massively expand U.S. production of advanced optical connectivity for next-generation AI data centers, according to Simply Wall St as of May 11, 2026. The announcement lifted NVIDIA shares 8.4% during the period, reflecting investor enthusiasm for the company's expanded ecosystem strategy in AI infrastructure deployment.

As of: May 11, 2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: NVIDIA Corporation
• Sector/industry: Semiconductors, AI infrastructure, data center technology
• Headquarters/country: United States
• Core markets: AI data centers, cloud computing, enterprise infrastructure
• Key revenue drivers: Data center GPUs, Blackwell and Rubin AI platforms, optical connectivity solutions
• Home exchange/listing venue: Nasdaq (NVDA)
• Trading currency: USD

NVIDIA: core business model

NVIDIA designs and manufactures graphics processing units (GPUs) and system-on-chip modules that power artificial intelligence, data center operations, and high-performance computing. The company's primary revenue stream comes from its data center segment, which supplies GPUs to cloud providers, enterprises, and AI infrastructure operators worldwide. NVIDIA's Blackwell and Rubin AI platforms represent the company's latest generation of processors designed to handle massive AI workloads and inference tasks at scale.

The company operates as a fabless semiconductor manufacturer, outsourcing production while focusing on chip design, software optimization, and ecosystem development. This model allows NVIDIA to scale rapidly without heavy capital expenditure on manufacturing facilities, a strategic advantage in the fast-moving AI market. U.S. investors benefit from NVIDIA's dominant position in GPU supply for American cloud giants and AI research institutions.

Main revenue and product drivers for NVIDIA

Data center revenue represents NVIDIA's largest and fastest-growing segment, driven by demand for AI training and inference capabilities. The company's latest twelve-month EBITDA reached 133.2 billion, according to Investing.com as of May 11, 2026, reflecting the scale of profitability in the AI infrastructure boom. NVIDIA reported revenue of 68.13 billion for the most recent quarter, with a net margin of 55.60% and return on equity of 97.37%, according to MarketBeat as of May 11, 2026.

Management has guided for 1 trillion dollars in cumulative revenue from Blackwell and Rubin AI platforms through 2027, a figure that could be raised if additional products such as Vera CPU-only racks and inference chips exceed initial projections. Goldman Sachs analyst James Schneider expects NVIDIA to deliver another earnings beat when the company reports on May 20, though he notes the bar for stock outperformance remains high given the stock's 15% year-to-date gain, according to Morningstar as of May 10, 2026.

Upcoming earnings and guidance catalysts

NVIDIA is scheduled to report earnings on May 20, 2026, with investors watching for potential upside to the company's 1 trillion dollar revenue guidance and updates on its data-center CPU business expansion. Schneider highlighted that maintaining gross margins in the mid-70% range during 2026 will be critical as Rubin production ramps later in the year and component costs potentially rise. Any commentary on the new IREN and Corning partnerships and their contribution to the 5-gigawatt infrastructure deployment could provide additional positive signals for the stock.

Conclusion

NVIDIA's announcement of major infrastructure partnerships with IREN and Corning underscores the company's strategic positioning in the expanding AI data center ecosystem. With earnings scheduled for May 20 and potential guidance updates on the horizon, investors should monitor whether management raises its 1 trillion dollar revenue projection and provides clarity on gross margin sustainability. The stock's 8.4% rally reflects market confidence in NVIDIA's ability to capitalize on sustained AI infrastructure demand, though valuation and competitive pressures remain factors to watch.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.