Nvidia Extends 11-Day Win Streak with 21% April Rally on TSMC Demand
Nvidia soared 21% in April, extending an 11-day winning streak on the back of Taiwan Semiconductor’s reported surge in AI chip orders. Easing TSMC capacity bottlenecks suggest Nvidia may deliver stronger-than-expected revenue growth in its upcoming quarter.
1. April Stock Surge
Nvidia’s share price jumped 21% in April, marking an unprecedented 11 consecutive trading days of gains. This rally outpaces the broader semiconductor sector and underscores heightened investor optimism around AI-driven growth.
2. TSMC AI Chip Orders
Taiwan Semiconductor reported a significant uptick in orders for Nvidia-designed AI processors, highlighting booming global demand. The foundry’s comments on capacity utilization spurred confidence that supply constraints are loosening.
3. Capacity Bottleneck Relief
TSMC’s easing production bottlenecks could allow Nvidia to ramp shipments faster, potentially boosting quarterly revenue beyond consensus estimates. Analysts will watch upcoming earnings for confirmation of stronger output and margin expansion.