Nvidia CEO Jensen Huang delivers the keynote speech at the GTC AI Conference on March 18, 2025 in San Jose, California.
Josh Edelson | AFP | Getty Images
Nvidia The stock price has fallen sharply, rising more than 18% in the past 10 days. This was the artificial intelligence chip giant’s longest winning streak since 2023, when it rallied for another 10 days.
The stock is trading about 8% lower than October’s all-time high of $212.19, taking into account the 10-for-1 stock split in 2024.
The steady rise comes amid exploding demand for AI from giant corporations. meta, Amazon, google and microsoft Take Nvidia’s AI chips.
At last month’s annual GTC conference, CEO Jensen Huang said NVIDIA’s orders for graphics processing units will exceed $1 trillion by 2027. This includes current Blackwell GPUs and next-generation Vera Rubin GPUs.
Nvidia’s data center revenue grew 75% year over year and now accounts for 88% of its business. This is a sharp decline compared to five years ago, when gaming was the company’s biggest source of revenue.
Currently, Nvidia can’t manufacture AI chips fast enough. At GTC in March, Nvidia announced a new type of chip to power AI, including a language processing unit made with the technology it acquired in December for chip startup Groq for $20 billion.
As agent AI changes computing needs and demand for CPUs returns, NVIDIA also announced the latest Vera central processing unit standalone racks at GTC.
Meta is Nvidia’s first major customer for standalone CPUs. In a comprehensive deal announced in February, Meta committed to deploying millions of Nvidia chips in dozens of data centers around the world.
The streak comes after Nvidia on Monday denied rumors that it was in talks to acquire a major PC company, telling CNBC in a statement that it was “not participating in any negotiations to acquire any PC manufacturer.” both Dell and HP Co., Ltd. It rose after Monday’s insurance claims, but lost some of that gain early Tuesday.
Nvidia also announced Tuesday a new family of open source models called Ising aimed at accelerating the adoption of quantum computing.
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