Nvidia Rally Streak Reaches 11 Days on Citigroup Buy and TSMC’s 58% Profit Jump
Nvidia shares have extended their record winning streak to 11 days after Citigroup initiated coverage with a Buy rating following the unveiling of new Ising AI models. Meanwhile, surging demand for AI chips drove Nvidia’s key supplier TSMC to post a 58% first-quarter profit jump to T$572.5 billion.
1. Citigroup Initiates Buy Rating on Nvidia
Citigroup began formal coverage of Nvidia with a Buy rating, signaling strong analyst confidence in the company’s growth prospects and reflecting optimism in its quantum AI initiatives.
2. Nvidia Launches New Ising AI Models
Nvidia introduced a new family of Ising AI models designed to tackle complex optimization and quantum-inspired workloads, leveraging its GPU architecture to expand applications in industrial and research settings.
3. TSMC’s Record Profit Highlights AI Demand
Taiwan Semiconductor’s first-quarter net profit surged 58% to T$572.5 billion, driven by unprecedented global orders for AI processors and underscoring robust demand for Nvidia’s core chip technologies.