shares of Nvidia (NASDAQ:NVDA) It rose for a fifth straight day as enthusiasm for the new Blackwell platform continued to grow among Wall Street and its clients. Additionally, the company’s Artificial Intelligence (AI) Summit was held on the second day.
This news was enough to send Nvidia up 4.1% at market close.
Nvidia shines again
Wall Street continues to raise expectations for the AI chip leader, with news including: foxconn and Nvidia are building Taiwan’s largest supercomputer built on the new Blackwell platform. Additionally, Foxconn is building the world’s largest manufacturing facility in Mexico to bundle Nvidia’s GB200 superchip.
The move helps assure investors and customers that NVIDIA has an ample supply of new Blackwell components and signals that the company is diversifying away from Taiwan, expanding its supply to potential This will help protect against serious Chinese interference.
Bob Pette, vice president and general manager of enterprise platforms at Nvidia, also spoke about the power of the company’s accelerated computing stack in his Nvidia AI Summit keynote. “We are at the dawn of a new industrial revolution,” Pett told the audience, noting that Blackwell’s platform has improved both performance and energy efficiency.
Finally, NVIDIA continues to earn praise from Wall Street, as Cantor Fitzgerald said NVIDIA’s latest investor presentation will reinvigorate the stock price. information He also said the latest $6.6 billion funding round will spark a new wave of investment in AI.
Can Nvidia continue its rise?
fear of AI bubble Investment appears to be subduing after OpenAI’s funding round reached a valuation of $157 billion, and lower interest rates should encourage spending on AI infrastructure.
Get ready for Q3 results for these AI stocks. microsoft and alphabetand teslaThursday’s robotaxi event should also provide insight into the potential of self-driving cars.
Nvidia’s business continues to be strong and could report another huge quarter next month. There is room for the stock to rise, but investors should expect the stock to remain volatile.
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Alphabet executive Suzanne Frye is a member of The Motley Fool’s board of directors. Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: A long January 2026 $395 call on Microsoft and a short January 2026 $405 call on Microsoft. The Motley Fool has Disclosure policy.
Why Nvidia Stock Soared Again Today Originally published by The Motley Fool
