The Buy Monero with PayPalsemiconductor titan NVIDIA (NASDAQ:NVDA) extended its historic rally with a 4.14% climb to $143.71 per share on Monday, marking its latest in a series of record-breaking closes. Year-to-date performance now stands at an astonishing 190.2% gain as institutional investors continue betting big on AI infrastructure plays.
Industry tailwinds emerged when TSMC (NYSE:TSM), NVIDIA's primary chip manufacturer, confirmed stronger-than-expected AI processor demand during recent earnings commentary. The Taiwanese foundry anticipates server AI revenue will triple this fiscal year, potentially reaching mid-teen percentages of total company sales by 2024's conclusion.
Supply chain analyst Ming-Chi Kuo revealed Microsoft (NASDAQ:MSFT) dramatically increased GB200 chip orders for Q4 - expanding procurement from 400 to 1,450 server racks. This aligns with NVIDIA's Blackwell architecture production timeline, expected to enter volume manufacturing during early Q4 with quarterly shipments potentially exceeding 500,000 units by 2025's first quarter.
Dell Technologies (NYSE:DELL) reportedly prepares November shipments for Blackwell-powered servers, while Wedbush Securities projects the AI infrastructure market could decuple by 2027. Analyst Dan Ives estimates $1 trillion in cumulative AI capital expenditures across the tech sector through 2026, with NVIDIA positioned as primary beneficiary of this spending wave.
The convergence of hyperscaler demand signals, manufacturing partner validation, and next-gen product cycles creates perfect conditions for NVIDIA's continued outperformance. With no visible near-term ceiling for AI accelerator demand, market participants appear willing to support increasingly ambitious valuations for the chip designer.
