Nvidia rebounds on shutdown hopes and increased AI demand

2 months ago

Valerie Titel

"Yes, Nvidia is leading the gains across the Mag 7 on this broad rebound on these hopes of this government shutdown ending. Nvidia up 3.2%. Now, it did have its worst week last week since early April. It was down around 7% on the week last week. We did have the CEO Jensen Huang in Taipei, his third visit to Taiwan in the last 3 months, meeting with TSMC and asking for additional chip supplies to keep up with booming AI demand."

The commentary highlights Nvidia's current rebound, driven by optimism over an end to the government shutdown and strong AI demand, despite a rough previous week. It underscores CEO Jensen Huang's efforts to secure additional chip supplies from TSMC to support growth.

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