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NVIDIA’s stock rose approximately 5 percent on April 24, 2026, pushing its market capitalization to approximately $5.09 trillion.
Intel's Q1 2026 earnings beat triggered NVIDIA's 5% stock surge despite no new NVIDIA announcement.
KEY POINTS
- NVIDIA lagged peers in 2026, up only 7% year-to-date versus much larger gains for Marvell and Micron.
- Trump administration scrapped Biden's global AI chip export rule, easing restrictions beyond China market.
- Sovereign AI deals drove orders, such as 18,000 Blackwell chips for Saudi Arabia and a Foxconn supercomputer.
- NVIDIA's upcoming Q1 FY27 report will reveal Blackwell production ramp and current AI demand strength.
COMPANIES
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