Gate Stock Token Latest Update: NVDAX Hits $240, Reaching a New All-Time High

On May 15, 2026, NVIDIA tokenized stock NVDAX reached another milestone—its price touched $240, setting a new all-time high. As a tokenized mapping asset of the world’s leading AI chip company, NVDAX’s price movement not only reflects NVIDIA’s fundamentals directly but also highlights the broad prospects of the tokenized stock track.

On the Gate platform, NVDAX (NVIDIA xStock) has always been one of the most watched tokenized stocks. As of the time of writing, NVDAX is priced at $234.86, down only about 2.10% from its all-time high (ATH), continuing to maintain a strong momentum.

What is NVDAX? On-Chain Price Mapping of NVIDIA

Before diving into price analysis, it is necessary to clarify the basic concept of NVDAX. NVDAX (NVIDIA xStock / NVDAx) is a tokenized tracking certificate designed to follow the stock price of NVIDIA Corporation, while enabling 24/7 native crypto access, fractional ownership, and composability within DeFi. Each NVDAX token is backed 1:1 by actual NVIDIA shares held by a regulated third-party custodian, ensuring the token price remains closely linked to the underlying US stock NVDA.

On the Gate platform, NVDAX is a star asset within the Gate xStocks section. Users should note that Gate stock tokens do not represent direct ownership of the company’s shares, but are price-tracking products that do not confer shareholder status, dividend rights, or voting rights. According to the latest guidelines issued by the U.S. Securities and Exchange Commission (SEC) in January 2026, such assets are explicitly classified as “tokenized securities.”

Achieving a New High of $240: A Complete Review of NVDAX Price Performance

As of May 15, 2026, NVDAX’s latest quote is $234.86, up from $228.22 on May 14, and approximately between $214.52 and $220.64 around May 12, with about $218.81 on May 8. In just a few days, NVDAX rapidly surged from around $220 to near $240, with a significant increase.

Looking at the longer-term historical trend, NVDAX’s price fluctuations have been highly synchronized with NVIDIA’s stock price. Since entering 2026, NVIDIA has continued to attract capital due to its absolute dominance in AI chips. In early April, NVDAX traded around $183; mid-April, it briefly touched the $195 to $200 range. The sustained explosion in AI computing demand has become the core driving force.

Three Core Drivers: What Continues to Push NVDAX to New Highs?

The logic behind NVDAX’s climb from around $180 to the historic high of $240 can be broken down into three levels.

Explosive growth in AI computing demand, H100 leasing prices surged nearly 40% in six months

NVIDIA’s core business—data center AI chips—is witnessing unprecedented demand growth. According to semiconductor research firm SemiAnalysis, the leasing contract prices for NVIDIA’s H100 chips rose from a low of $1.70 per GPU per hour in October 2025 to $2.35 per hour by March 2026, nearly a 40% increase in six months. This data confirms that the supply-demand imbalance in the AI computing market is intensifying, and NVIDIA, as the provider of computing infrastructure, continues to benefit.

OpenAI’s massive funding re-evaluates the AI ecosystem, further consolidating NVIDIA’s core position

AI giant OpenAI completed a funding round worth up to $122 billion, attracting top global tech companies such as Amazon, NVIDIA, Microsoft, and SoftBank. After the funding, OpenAI’s valuation rose to approximately $852 billion. NVIDIA, as both a chip supplier and a key investor in this round, further solidified its central role in the entire AI ecosystem. Capital bets on the AI track directly translate into increased demand expectations for NVIDIA chips.

The global semiconductor price hike boosts industry prosperity

According to IDC’s latest research, benefiting from expanding AI computing power, the global broad wafer foundry market will surpass $360 billion in 2026, with an annual growth of 17%. This macro industry trend provides a solid fundamental support for NVIDIA and its tokenized asset NVDAX.

Gate Stock Token Ecosystem: NVDAX Liquidity Hub and Industry Leader

In the emerging track of tokenized stocks, Gate is undoubtedly the current market leader. According to official Gate data, by early 2026, the total trading volume of Gate’s stock token section exceeded $140 billion, with a monthly market share of 89.1%, ranking first in the industry.

For NVDAX specifically, Gate also performs strongly. Data shows that the NVIDIA (NVDAX) contract holdings on Gate amount to about $2.53 million, with a trading volume of approximately $2.9 million, leading among major trading platforms. As of May 15, 2026, despite the overall crypto market correction, NVDAX’s 24-hour spot trading volume remains active at about $3.69 million.

Another major advantage of Gate’s stock token section is 24/7 trading. Traditional US stocks have fixed opening and closing hours, and investors cannot trade during holidays or market close. On-chain stock tokens support round-the-clock trading, greatly improving capital utilization efficiency. Users do not need to open separate securities accounts or handle cross-border remittances; they can participate directly through their Gate platform account.

How to Participate in NVDAX Trading on Gate? Operation Methods and Precautions

Gate xStocks section provides investors with a simple and convenient entry point for NVDAX trading, including the following key points:

Main trading methods: Users can directly search for NVDAX in Gate’s xStocks section to buy and sell spot USDT. Gate also supports perpetual contract trading of NVDAX (settled in USDT), offering 1x to 10x leverage for long and short positions, catering to different risk preferences.

On-chain support: NVDAX is issued on both Solana SPL and ERC-20 standards, allowing users to choose their preferred chain assets for deposits, withdrawals, and management.

Core differences and risk tips: As mentioned earlier, NVDAX is a price-tracking token, and holding NVDAX does not mean owning NVIDIA shares. Holders do not have shareholder rights, dividend rights, or voting rights. While the prices of tokenized stocks and their underlying US stocks are closely linked, there may be price gaps under extreme market conditions. Counterparty risk and potential risks from third-party custodians are also important considerations for investors.

Regulatory positioning: The SEC has explicitly classified tokenized securities under federal securities law. Each stock token in Gate xStocks is backed 1:1 by regulated third-party custodians holding full physical shares, ensuring the token price remains tightly linked to the underlying asset.

Summary

In May 2026, NVDAX’s price reached $240, setting a new record high. The sustained explosion in AI computing demand, OpenAI’s massive funding re-evaluation of the AI ecosystem, and the global semiconductor price hike boosting industry prosperity are the three core drivers behind NVDAX’s strong rise from around $180.

As the industry leader in tokenized stocks, Gate’s stock token section has accumulated over $140 billion in trading volume, with a monthly market share of 89.1%. In NVDAX contract trading, Gate’s contract holdings and trading volume lead among mainstream platforms, with outstanding liquidity advantages. Users can participate in NVDAX spot or contract trading through Gate xStocks, capturing the on-chain growth opportunities of NVIDIA and the AI sector.

It is important to note that NVDAX is a price-tracking product and does not confer shareholder status or dividend rights. Investors should fully understand the product mechanism, regulatory framework, and potential risks of tokenized stocks before participating, and allocate assets reasonably according to their risk tolerance.