Nvidia extends rally

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The company’s shares continued their meteoric rise on Thursday, extending a 20% rally over the past seven days as investors continue to dismiss bubble narratives in favor of plowing cash into chipmakers profiting from all the spending (and circular deals) on artificial intelligence. Huang, as CEO of the biggest fish in the pond, has overseen Nvidia’s domination of that dynamic. The company’s climb is the latest reflection of how intensely investors are gravitating toward perceived AI winners, with semiconductors at the epicenter. Nvidia also drew attention this week after Huang joined US President Donald Trump on his visit to China as a last-minute addition.

Line chart of Nvidia share price from 2024 to 2026 showing a sharp rally into 2026 with annotated axis and a Bloomberg source at the bottom.
Bloomberg chart showing Nvidia's share surge over the past seven sessions.

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