Nvidia Shares Reach New Five-Month High, Exceed $200 for 11th Consecutive Session

Nvidia Shares Extend Winning Streak to 11 Sessions, Surpass $200 Mark

On Wednesday, April 15, shares of chipmaking giant Nvidia continued their upward trajectory, marking the 11th consecutive session of gains. The stock rose by 2% to reach a day's high of $200.40 apiece, reclaiming the key $200 level after a five-month gap. This milestone brings Nvidia closer to its record high of $212.19, achieved in October 2025.

Nvidia's stock has been on a remarkable run, with today's high indicating that it is now just 5.5% away from its peak level. The stock has cumulatively risen by 21.23% over the past 11 sessions, based on today's high, marking its longest winning streak since October. This impressive performance has also helped Nvidia's year-to-date returns turn positive by 6%.

The persistent demand for AI hardware has been a significant driver of Nvidia's success. At its GTC conference last month, Nvidia Chief Executive Jensen Huang highlighted the company's robust order book, with more than $1 trillion in GPU orders through 2027, including the Blackwell and next-generation Vera Rubin chips. Huang has been a leading advocate for the use of AI across the economy, urging companies to experiment with how the emerging technology can benefit their businesses.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Nvidia has invested heavily in AI adoption, committing $70 billion in partners and customers in the fiscal year that ended in January, as reported by Bloomberg. The company has also launched a new artificial intelligence model, Ising, which has renewed expectations that AI can improve quantum computing and make it scalable and more useful.

The recent rally has provided significant relief for shareholders, as the stock had delivered muted returns in recent months amid concerns about megacap technology companies' returns on heavy spending to build artificial intelligence infrastructure. Rising competition, including partnerships between Broadcom and Meta Platforms, and Amazon's discussions on selling custom AI chips, had also dampened sentiment.

Looking ahead, the rally depends on the Big Tech earnings, kicking off later this month. Nvidia investors will be looking for continued increases in capital expenditure, particularly whether large technology firms will sustain or ramp up spending on artificial intelligence infrastructure. Confirmation that next-generation AI models are being trained on Nvidia's current Blackwell architecture will be a key factor in determining the stock's next leg of growth.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline