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
OpenAI Weighs 5% U.S. Government Stake Ahead of Blockbuster IPO
OpenAI has held discussions about offering the U.S. government a 5% ownership stake, potentially structured through a sovereign wealth fund, according to a Financial Times report citing people familiar with the matter. The ChatGPT maker did not immediately respond to a request for comment. The move would add Washington to an already formidable roster of […]
Tesla Deliveries Loom as Investors Bet on Second Straight Quarterly Gain
Tesla is poised to report second-quarter delivery figures Thursday morning, capping a period marked by geopolitical conflict, a spike in oil prices, and continued fallout from shifting U.S. electric-vehicle policy. The automaker’s shares have rallied sharply ahead of the report, a signal that investors anticipate a strong outcome. Even so, forecasts vary widely enough that […]
Nvidia Stock Trails Chip Peers in First Half as Competition Broadens
Nvidia shares rose 0.4% to $195.75 in premarket trading on Tuesday, ending a first half that trailed the broader semiconductor sector. The stock is up 4.5% for the year through Monday, much less than the PHLX Semiconductor Index’s 94% gain over the same period. Here’s a look at why Nvidia has underperformed and what investors […]
Trade with fewer limits
Day trade with fewer limits at fast speed. Buy stocks and ETFs at low fees.