Shares of Nvidia (NASDAQ: NVDA) rose for the fifth day in a row, as enthusiasm continued to grow on Wall Street and among its clients for the new Blackwell platform. Additionally, the company’s Artificial Intelligence (AI) Summit was on its second day.
That news was enough to send Nvidia up 4.1% at market close.
Nvidia shines again
Wall Street continued to raise its estimates for the AI chip leader, and the news reflected that as well Foxconn and Nvidia are building Taiwan’s largest supercomputer, built on the new Blackwell platform. In addition, Foxconn is building the world’s largest production facility for bundling Nvidia’s GB200 Superchips in Mexico.
The move should reassure investors and customers that Nvidia has an adequate supply of the new Blackwell components and shows that the company is further diversifying outside of Taiwan, which will help protect that supply from potential Chinese interference.
Nvidia’s vice president and general manager of enterprise platforms, Bob Pette, also talked about the power of the company’s accelerated computing stack during his keynote address at the Nvidia AI Summit. Pette told the audience, “We are at the dawn of a new industrial revolution,” saying the Blackwell platform improves both performance and energy efficiency.
Finally, Nvidia continued to receive praise from Wall Street, as Cantor Fitzgerald said Nvidia’s updated investor presentation is sparking a revitalization in the stock. The information also said the latest $6.6 billion funding round would trigger a new wave of investment in AI.
Can Nvidia keep climbing?
Fears of an AI bubble appear to be subsiding after the OpenAI funding round, which pushed the valuation to $157 billion, and falling interest rates should help boost spending on AI infrastructure.
We’ll look at AI stock’s third-quarter results soon Microsoft And AlphabetAnd TeslaThursday’s robotaxi event should also provide some insight into the potential of autonomous vehicles.
Nvidia’s business continues to thrive and is likely to report another blowout quarter next month. There is room for the stock to rise, but investors should expect the stock to remain volatile.
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Suzanne Frey, a director at Alphabet, 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 holds positions in and recommends Alphabet, Microsoft, Nvidia and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls to Microsoft and short January 2026 $405 calls to Microsoft. The Motley Fool has a disclosure policy.
Why Nvidia Stock Popped Again Today was originally published by The Motley Fool
