Nvidia's short rally

Nvidia shares rose about 18% in 10 trading days through April 14, extending the stock’s longest winning streak since 2023. (cnbc.com) The stock gained 3.8% on April 14, and CNBC reported it was still about 8% below its split-adjusted October 2025 high of $212.19. Nvidia also said it was “not engaged in discussions to acquire any PC maker” after market rumors tied it to Dell and HP Inc. (cnbc.com) Investors had fresh numbers to point to. Nvidia reported fourth-quarter revenue of $68.1 billion for the period ended January 25, 2026, up 73% from a year earlier, with data center revenue reaching $62.3 billion, up 75%. (nvidianews.nvidia.com) That data center business is the core of the rally. It is where Nvidia sells the chips and systems that train and run artificial intelligence models for cloud providers and large companies. (nvidianews.nvidia.com) Chief Executive Jensen Huang added to that narrative in March, when Nvidia’s own newsroom highlighted Wall Street Journal coverage saying he projected $1 trillion in artificial intelligence chip sales as a new computing cycle begins. (nvidianews.nvidia.com) Nvidia has also been telling investors that Blackwell, its latest flagship chip platform, is shipping at scale. In May 2025, the company said Blackwell NVL72 was in full-scale production across system makers and cloud service providers. (nvidianews.nvidia.com) The rally has come despite a recent hit from United States export controls on China. Nvidia said in May 2025 that new licensing rules for H20 chips led to a $4.5 billion charge and prevented another $2.5 billion in first-quarter revenue from shipping. (investor.nvidia.com) Even with that setback, Nvidia told investors on February 25 that full-year fiscal 2026 revenue reached $215.9 billion, up 65% from a year earlier. The recent stock run shows traders are still treating Nvidia less like a cyclical chipmaker and more like the main supplier for the current artificial intelligence buildout. (investor.nvidia.com)