Reported about 6 hours ago
Nvidia's stock surged 4% on Tuesday, marking its fifth consecutive day of gains, driven by strong Wall Street support and an upward revision in revenue forecasts for fiscal year 2025. Analysts highlighted continued robust demand for its AI chips, while Foxconn announced plans for a megafactory in Mexico to assemble Nvidia servers, further boosting sentiment around the company. Nvidia's stock has increased nearly 14% in the past week and is up 190% year-over-year, coinciding with a broader positive trend in the semiconductor industry.
Source: YAHOO