Why Nvidia stock is rebounding today

Investing.comDec 18, 2024 2:32 PM

View all comments（0）



Shares of Nvidia Corporation (NASDAQ:NVDA) climbed 2.5% in pre-market trading on Wednesday following a positive industry update from Trendforce.

The report provided an optimistic outlook on Nvidia's production progress, particularly regarding the Blackwell NVL / GB200 system. This contributed to a bounce in Nvidia shares, which yesterday saw levels below $130/share for the first time since October.

According to the Trendforce update, production of the Blackwell NVL/GB200 system is progressing as expected, despite discussions of delays due to cooling and heat control issues. It also indicated that mass production is anticipated to reach its peak between the second and third quarters of 2025.

"I feel like NVDA stock definitely already discounts at least some of this delay / push out and is why rev guide for Jan qtr was conservative and BELOW the buyside whispers of $39-40B," Mizuho TMT specialist Jordan Klein commented.

Investors appear to have responded positively to the news, which may alleviate concerns about production setbacks.

Klein also suggested that Nvidia likely offered conservative revenue guidance for the January quarter, which was set below the expectations of $39-40 billion, in a strategic move in light of the potential production delays.

"Our recent supply chain discussions indicate Nvidia’s cowos foundry capacity allocation is expected to grow to 60% in 2025 from 56% in 2024, pointing to continued GPU momentum in 2025," Citi analyst Atif Malik wrote today.

Nvidia shares are up 163% year-to-date.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

South Korea Stock Market Slide Intensifies: KOSPI Plunges Nearly 6%, Tumbles 30% From June High, SK Hynix and Samsung Both Slump

TradingKey - On July 24, both Japanese and South Korean stock markets declined, with SoftBank, Kioxia, SK Hynix, and Samsung all recording sharp losses.

Japan and South Korea Stocks Open Lower, KOSPI Drops Over 3%, SoftBank Falls Over 5%, SK Hynix and Kioxia Fall Nearly 4%

TradingKey - In early Asian trading on July 24, Japanese and South Korean stock markets opened lower and continued to decline. Influenced by the sharp overnight pullback in US stocks and escalating geopolitical risks in the Middle East, market risk-off sentiment has risen markedly.

Intel Q2 Net Profit Swings to Profit YoY, Adjusted EPS Doubles Estimates: Revenue Up 25%, After-Hours Shares Rise Over 13%

Intel (INTC) released its second-quarter 2026 financial results after the U.S. market close on July 23, Eastern Time. As of press time, the stock rose 12.44% to $112.7. During the period, Intel's revenue increased by 25% year-on-year to $16.128 billion, significantly exceeding the market expectation of $14.42 billion by approximately 12%. CEO Lip-Bu Tan stated that this marked the company's strongest quarterly revenue growth in over fifteen years, driven by increased speed, stronger execution, and customer focus.

SpaceX Stock Price Forecast: 90% Probability of Merger With Tesla, Can the Stock Price Recover?

On July 23 ET, SpaceX (SPCX) shares hit a new all-time low, dropping to a minimum of $110.85 before rebounding. As of press time, the stock was up approximately 1% at $116.4. Gene Munster, founder of Deepwater Asset Management, stated on Wednesday that the likelihood of a merger between SpaceX and Tesla (TSLA) now appears greater. In a post on the social media platform X, he noted, "Before the conference call, I believed there was an 80% chance of these two companies merging in the next few years. Now, I have raised that probability to 90%."

Intel (INTC) Q2 2026 Earnings: What the Results Mean for the Stock

Intel reported Q2 2026 earnings after the close on July 23. Revenue, EPS, Data Center growth, and the first 18A external foundry revenue update. Here is what the numbers say and where INTC goes next.

Featured Tools