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Nvidia and AMD stock prices rise for 10 consecutive days
Mars Finance News, April 15 — Nvidia’s stock price has recently performed strongly, rising over 18% in the past 10 trading days, corresponding to a market value increase of $761.5 billion (about 5.19 trillion RMB). This is also Nvidia’s longest consecutive rally cycle since a 10-day winning streak in 2023. As of April 14, Nvidia’s closing price was $196.51, with a market capitalization surpassing $4.78 trillion. Meanwhile, chip stock AMD also completed a 10-day consecutive rise on the same day, marking the longest rally cycle since May 2005, with a total increase of up to 30.11%.
On the news front, Nvidia denied on Monday the rumors of negotiations to acquire a large PC company, stating “no discussions with any PC manufacturer regarding acquisition.” On Tuesday, Nvidia released a new open-source model series called “Ising,” aimed at accelerating the adoption of quantum computing. At the annual GTC conference held last month, CEO Jensen Huang predicted that by 2027, the total AI chip order volume would reach $1 trillion, mainly targeting the Blackwel and Vera Rubin series, with clients including tech giants Meta, Amazon, and Microsoft. (Broad Perspective)