Nvidia holds the second position in WSB's latest rankings, dropping one rank since yesterday. The company's stock experienced a slight dip of 0.18%, despite hitting an intraday high since July 2024.
Over the past month, Nvidia's stock has surged by 25%, nearing historical highs. As major tech firms prepare to release earnings, Nvidia's key clients like Meta, Microsoft, and Alphabet are expected to update shareholders on AI investment forecasts in the coming weeks.
After a brief downturn from late August to early September, Nvidia's shares swiftly rebounded, surpassing Microsoft to become the second-most valuable company behind Apple. This surge underscores Nvidia's central role in the AI boom, as clients invest heavily in GPU technologies.
In August, Nvidia reported a second-quarter revenue increase of 122% year-over-year, with net profits doubling to $16.6 billion. Projections for the third quarter exceeded expectations, supported by anticipated significant sales of its new Blackwell AI chips and continued demand for Hopper architecture chips.
Nvidia's influence in AI chip manufacturing remains strong. Recent reports highlight simulation chip leaders Texas Instruments and Infineon joining Nvidia's supply chain, benefiting from the AI server market expansion. This collaboration is expected to reduce costs and enhance supply chain competition as Nvidia rapidly scales production to meet growing demand.
With ongoing GPU shortages, Nvidia has faced challenges due to TSMC's CoWoS technology and high-bandwidth memory constraints. However, production improvements have shortened delivery cycles for in-demand models like the H100, suggesting potential relief in global GPU supply issues.