Nvidia stock is still battling to hold above the closely watched $200 level.

While the chip maker's shares traded above $200 at points on Friday, they ultimately slipped 0.5% to close at $198.45. The stock was edging up in Monday's premarket, rising 0.6% to $199.65.

Nvidia stock has only consistently held the $200 price level in two periods: late October through early November 2025, and the period from mid-to-late April. The stock fell below $200 last Thursday and failed to close above that level in Friday trading, potentially raising concerns of another long stretch before $200 is consistently held yet again.

However, a number of other companies in the semiconductor industry or wider artificial intelligence space are set to report quarterly results in the coming days before Nvidia'ss own earnings May 20.

Results from GlobalFoundries, Arista Networks, and Super Micro Computer -- all due to report on Tuesday -- could swing sentiment in favor of Nvidia if there is a coherent, positive narrative around chip demand and AI.