Nvidia logs longest winning streak since 2023 as AI demand surges — $1 trillion in orders allegedly on the books

Market run

Nvidia’s stock is on a tear, up more than 18% over the past ten trading days — its longest winning streak since a similar rally in 2023. Shares remain roughly 8% below October’s adjusted all-time high of $212.19 after a 10-for-1 split, but the momentum is unmistakable. Why the rally? Simple: explosive AI demand and a business that has flipped from gaming to data centers almost overnight. Data-center revenue is up about 75% year-over-year and now accounts for roughly 88% of the company’s sales.

Orders, chips and the supply squeeze

At this year’s GTC conference, CEO Jensen Huang said it has been reported that Nvidia has more than $1 trillion in orders for its GPUs through 2027, covering current Blackwell chips and the next-generation Vera Rubin silicon. That figure — staggering if it holds up — helps explain the market’s breathless mood. Nvidia has repeatedly said it can’t make AI chips fast enough; demand is outstripping capacity, and customers are doubling down.

Nvidia used GTC to unveil new architectures, including a language processing unit tied to technology it has been reported that the company acquired from Groq in December for about $20 billion, plus a standalone rack of Vera CPUs aimed at agentic AI workloads. Meta is the first major customer for those standalone CPUs, and in February it committed to deploying millions of Nvidia chips across its global data centers. Nvidia also introduced an open-source family of models called Ising, pitched at accelerating quantum adoption.

Rumors that Nvidia was in talks to buy a large PC maker circulated briefly this week; the company denied those reports, saying it is “not engaged in discussions to acquire any PC maker.” Dell and HP saw brief bumps on the chatter, then gave some gains back. So what now? With huge orders, constrained supply and new product bets all in play, the story is equal parts boom and logistical puzzle — and investors will be watching execution, shipment timelines and customer deployments for any sign that the party can keep going.

Sources: cnbc.com