Nvidia Achieves Record Streak
Nvidia (NASDAQ: NVDA) has made history by climbing for 11 consecutive trading sessions, marking the longest streak since its IPO on January 22, 1999. This unprecedented achievement comes as Nvidia’s stock price has risen over 14% in the past two weeks, approaching its all-time high. The company’s share price has rebounded significantly after a period of decline, spurred by strong market sentiment surrounding AI technology.
During its fourth fiscal quarter ending January 26, Nvidia reported record revenues of $68 billion, a 73% increase year-over-year, along with an adjusted earnings per share (EPS) of $1.62, up 82%. The company anticipates revenues of $78 billion for Q1, projecting a 77% year-over-year growth. Furthermore, CEO Jensen Huang indicated expectations of selling over $1 trillion of AI chips by 2027, which would significantly enhance Nvidia’s revenue trajectory.
