Strong Performance Continues with Six-Day Winning Streak
- Nvidia’s stock up more than 30% from August lows
- Six-day winning streak, longest in almost five months
- Best performer in Nasdaq-100 Index since Aug. 7
- Fiscal second-quarter earnings report coming up
- Goldman Sachs analyst Toshiya Hari positive on balance
- Expected robust sequential data-center revenue growth
- Nvidia’s networking business has a compelling growth profile
Nvidia’s stock has surged more than 30% since its low point in August, driven by a six-day winning streak, the longest in almost five months. The company is one of the best performers in the Nasdaq-100 Index since August 7th. With fiscal second-quarter earnings on the horizon, Goldman Sachs analyst Toshiya Hari remains optimistic about Nvidia’s balance. Despite potential delays in the Blackwell chip lineup, he expects management commentary and supply-chain data points to boost investor confidence in next year’s earnings power. Additionally, strong growth in high-performance computing revenue from Taiwan Semiconductor Manufacturing Co. Ltd. and AMD’s increased full-year outlook for AI-accelerator revenue signal a robust demand environment. Hari maintains a buy rating and $135 target price on Nvidia shares.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Nvidia’s stock performance, analyst opinions on the company’s earnings, and industry trends related to AI and semiconductors. It includes relevant details about the company’s upcoming earnings report and potential impact of Blackwell chip lineup delay. The article also mentions other related news such as AMD’s full-year outlook for AI-accelerator revenue and hyperscale cloud providers’ spending on AI infrastructure.
Noise Level: 4
Noise Justification: The article provides relevant information about Nvidia’s stock performance and analyst opinions on its future prospects, but it lacks in-depth analysis or exploration of long-term trends or consequences of decisions. It also does not offer much actionable insights for readers.
Public Companies: Nvidia Corp. (NVDA), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), Advanced Micro Devices Inc. (AMD)
Key People: Toshiya Hari (Analyst at Goldman Sachs)
Financial Relevance: Yes
Financial Markets Impacted: Nvidia Corp. shares, Nasdaq-100 Index, artificial intelligence trade, semiconductor industry
Financial Rating Justification: The article discusses Nvidia’s stock performance and its impact on financial markets, as well as the company’s upcoming earnings report and its potential impact on the AI and semiconductor industries.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Move Size: The market move size mentioned in this article is more than 30% for Nvidia Corp. shares from their low point earlier in August, and 23% over the past six trading sessions.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks
www.marketwatch.com 
