tech
April 14, 2026
Nvidia stock is on a 10-day winning streak and up 18% over that stretch
Nvidia denied rumors that it's in talks to buy a large PC company, telling CNBC in a statement that it's "not engaged in discussions."
TL;DR
- Nvidia stock has seen an 18% rise over the past ten days, its longest winning streak since 2023.
- The company denied rumors of discussions to acquire a large PC company.
- Nvidia announced a new family of open-source models called Ising, aimed at accelerating quantum computing adoption.
- Explosive AI demand from companies like Meta, Amazon, Google, and Microsoft is driving Nvidia's growth.
- Nvidia CEO Jensen Huang stated the company has over $1 trillion in GPU orders through 2027.
- Data center revenue has increased by 75% year-over-year, now making up 88% of Nvidia's business.
- Nvidia unveiled new AI chips at GTC, including a language processing unit and Vera central processing units.
- Meta has committed to deploying millions of Nvidia chips and is expanding compute capacity with Nvidia's Vera Rubin rack-scale systems.
- Analysts attribute Nvidia's gains to the scarcity of AI compute power and infrastructure.
Continue reading the original article