Skip to playerSkip to main content
Benzinga
  • 11 hours ago
Nvidia shares rose over 18% in ten days, its longest winning streak since 2023, as CEO Jensen Huang revealed more than $1 trillion in GPU orders through 2027. Data center revenue rose 75% year over year, now accounting for 88% of total business. Nvidia denied acquisition rumors involving Dell and HP and introduced open-source Ising models for quantum computing. The company said it cannot meet AI chip demand from Meta, Amazon, Google, and Microsoft.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA shares rose more than 18% over the past 10 days,
00:06marking its longest winning streak since 2023, according to CNBC.
00:11Shares rose nearly 3% on Tuesday, but remained about 8% below their split-adjusted October
00:16peak of $212.19. The company denied reports that it is in talks to acquire a PC maker after Dell
00:23and HP shares reacted to the rumors. NVIDIA also introduced its open-source Ising models,
00:28aimed at quantum computing adoption. CEO Jensen Huang said the company has more than $1 trillion
00:34in GPU orders through 2027. Data center revenue rose 75% year-over-year and now accounts for 88%
00:43of total business. NVIDIA said it cannot meet AI chip demand as companies including Meta,
00:49Amazon, Google, and Microsoft expand compute capacity. For all things money, visit Benzinga.com.
Comments