News

Nvidia shares are seeing their longest winning streak since 2023; Here's what is aiding the moveNvidia shares rise over 18% in ten days, near record high, driven by huge AI chip demand and over 1 trillion dollars in GPU orders, while Nvidia denies any PC maker takeover talksBy CNBCTV18April 15, 2026, 7:13:03 AM IST (Published)3 Min ReadOver the last ten days, Nvidia's stock has increased by more than 18%. Since another ten-day surge in 2023, this is the artificial intelligence chip giant's longest winning streak.

After accounting for a 10-for-1 stock split that took place in 2024, shares increased 3.8% on Tuesday but are currently trading roughly 8% below October's all-time high of $212.19.

The winning run coincides with Nvidia's denial of reports on Monday that it is in negotiations to purchase a major PC manufacturer, stating in a statement to CNBC that it is "not engaged in discussions to acquire any PC maker." After rising on the allegations on Monday, Dell and HP Inc. both erased some of their gains early on Tuesday.

As industry titans like Meta, Amazon, Google, and Microsoft acquire Nvidia's silicon, the chip giant's stock is steadily rising amid the booming demand for AI.

Nvidia has more than $1 trillion in orders for its graphics processing units until 2027, including its current Blackwell and next-generation Vera Rubin GPUs, according to CEO Jensen Huang at last month's annual GTC conference.

Nvidia's data centre revenue now accounts for an astounding 88% of its operations, up 75% from the previous year. Compared to five years ago, when gaming was the company's main source of income, there has been a significant increase.

Also Read: Trump tariffs could be back in July, says Bessent, after Supreme Court setback that deemed them illegal

Nvidia is currently unable to produce AI chips quickly enough. Nvidia presented new AI-powered processors at GTC in March, including a language processing unit built using technology it acquired in December when it paid $20 billion to acquire chip firm Groq.

A freestanding rack of Nvidia's newest Vera central processing units was also presented at GTC as agentic AI changes compute requirements and boosts CPU demand.

The first significant buyer of Nvidia's standalone CPUs is Meta. In a comprehensive agreement made public in February, Meta promised to install millions of Nvidia chips in its several data centres across the globe.

Additionally, Meta expanded its computational capacity last week by adding $21 billion to a prior $14 billion agreement with CoreWeave. Meta will increase its computational capacity by utilising Nvidia's Vera Rubin rack-scale computers in CoreWeave's data centres in addition to its own data centres.

Last week, several industry executives, such as Alphabet CEO Sundar Pichai and Amazon Web Services CEO Matt Garman, expressed a need for more AI compute in light of the expanding opportunities for monetisation.

 Continue ReadingTagsAI technologyNvidia