Nvidia stock experienced a rise on Thursday, building on significant gains from the previous day following the U.S. presidential election results. Analysts at Mizuho continue to regard Nvidia as a leading player in the semiconductor industry, with shares climbing 1.8% to $148.20 after a 4.1% increase on Wednesday’s trading session.
Despite potential impacts from Donald Trump’s presidency, including concerns over Taiwan’s defense payments and its effect on Nvidia’s supply chain due to reliance on Taiwan Semiconductor Manufacturing, analysts believe that these factors will not derail Nvidia’s growth trajectory significantly.
The spotlight remains firmly placed on Nvidia’s strong fundamentals as it leads in supplying chips for artificial intelligence applications—a sector expected to see substantial market penetration in coming years. Mizuho analyst Vijay Rakesh highlighted an expectation for AI server penetration rates exceeding 10% by 2027 compared to approximately 1% this year and emphasized that Nvidia commands over a 95% share of this rapidly expanding market projected to reach more than $400 billion by then. In addition, other semiconductor companies like Advanced Micro Devices and Broadcom saw modest gains of about 2%, reflecting overall positive sentiment within the sector during early trading hours.
Featured Courses
Recent news
Microsoft Heads for Worst Quarter Since 2008
Microsoft is facing its largest quarterly decline since 2008. Shares are down about 25% this quarter, making it the weakest Magnificent Seven member by a wide margin. The group is down roughly 14%. The stock fell another 1.7% after Friday’s open, marking a fourth consecutive day of losses. Two primary risks are driving Microsoft’s selloff […]
Unity Stock Surges 13% on AI-Focused Restructuring
Unity Software shares jumped 13% to $19.39 in premarket trading on Friday, briefly beating the S&P 500. Investors liked the company’s decision to cut weak assets and focus on AI-powered revenue growth. The main reasons were a strong first-quarter revenue outlook and Unity’s plan to shut down its ironSource Ads Network on April 30 and […]
NVIDIA Cheaper Than the S&P 500: Is This the Floor?
NVIDIA’s stock is now at its lowest valuation relative to the broader market in over ten years. This creates a rare buying opportunity for investors, as bargain hunters and long-term investors may find the historically low valuation appealing despite ongoing pressure on AI-related technology stocks. The main thesis is that NVIDIA is a unique investment […]
Trade with fewer limits
Day trade with fewer limits at fast speed. Buy stocks and ETFs at low fees.