NEAR surged over 25% on May 22, driven by a $5.8 million short squeeze triggered by NVIDIA AI catalysts. According to Coinglass, NEAR Protocol experienced a significant rally on May 22, 2026, rising over 25% from around $1.25 near the monthly low to break above $2.20, triggering a $5.8 million short squeeze. This rebound was catalyzed by NVIDIA's release of its Q1 FY2027 earnings report on May 20; in the report, CEO Jensen Huang declared "Agentic AI has arrived," indicating a shift toward autonomous AI agents. NEAR has positioned itself as the execution layer of this emerging "Agentic Web" by providing decentralized infrastructure for AI agents, and recently launched automatic PII (Personally Identifiable Information) anonymization for AI prompts. According to Foresight News, the network is preparing to introduce "Dynamic Resharding" in upgrade 2.13, enabling automatic sharding expansion and contraction based on demand without manual validator intervention.