Nvidia Stock Surges as Huang Touts Blackwell Demand, Hails New Industrial Revolution
Nvidia’s stock (NVDA) demonstrated significant resilience by rising 2% in pre-market trading on Thursday, reaching $192.82. This movement positions the stock for a potential intraday record. The surge reflects a broader momentum in the AI sector, bolstered by buoyant revenue figures from Taiwan Semiconductor Manufacturing Co. (TSMC).
Nvidia CEO Highlights AI Demand and Industrial Revolution
Jensen Huang, CEO of Nvidia, emphasized the explosive demand for artificial intelligence, stating, “Demand for Blackwell is really, really high.” He believes this marks the inception of a new industrial revolution. Nvidia’s Blackwell chips are engineered for high-performance computing tasks, including generative AI and large language models. These chips are pivotal for the company’s growth trajectory.
Additionally, Huang revealed that Nvidia is supporting Elon Musk’s AI startup, xAI, which is increasing its data-center capacity and ramping up chip orders.
Strong Financial Performance from TSMC
Taiwan Semiconductor Manufacturing Co. reported a remarkable 31% increase in revenue year-over-year in September, totaling 331 billion New Taiwan dollars (approximately $10.9 billion). Over the first nine months of the year, TSMC’s total revenue reached NT$2.76 trillion, up 36% compared to the same timeframe the previous year.
- Revenue Growth: 31% year-over-year increase in September.
- Total Revenue (Jan-Sept): NT$2.76 trillion, a 36% increase.
Investment director Russ Mould from AJ Bell noted that while AI demand showed minor month-over-month fluctuations, the year-over-year growth remains robust. This trend reinforces the trust in the AI supply chain dominated by Nvidia, further encouraging investment in the sector.
Nvidia’s Key Market Position
With over 40% surge in stock price this year, Nvidia is experiencing record data-center sales alongside soaring demand for AI infrastructure. Analysts suggest that strong relationships with major hyperscalers and an expanding software ecosystem could sustain this rally well into 2026. Current sentiment indicates a relentless enthusiasm among investors, as illustrated by Thursday’s pre-market increase.
Analyst Ratings for Nvidia Stock
Nvidia continues to maintain a “Strong Buy” consensus among Wall Street analysts. Of the 39 surveyed in the past three months:
- 36 analysts recommended a Buy.
- 2 rated it as a Hold.
- 1 suggested a Sell.
This overwhelming positive outlook illustrates Nvidia’s strong positioning in the ever-growing AI market, marking it as a pivotal player during this transformative period. Investor confidence appears robust as Nvidia asserts itself as a leader in the AI and chip sectors.
