Nvidia (NVDA) Hits Record High as Microsoft Drives Chip Demand

1 day ago

Nvidia (NVDA, Financial) shares rose over 2%, reaching a new record high at $141.18 per share, bringing its market capitalization to an impressive $3.5 trillion.

Recent insights from TF International Securities analyst Ming-Chi Kuo reveal that Microsoft is currently the largest worldwide customer for Nvidia's Blackwell GB200 chips. Orders for these chips are expected to surge by 3 to 4 times in the fourth quarter, surpassing the combined total orders from all other cloud service providers.

Kuo's report further suggests that the production capacity for Blackwell chips is anticipated to expand by early 2024 Q4. For the same period, shipments are projected to reach between 150,000 and 200,000 units, with a significant increase of 200% to 250% expected by the first quarter of 2025, potentially reaching 500,000 to 550,000 units.

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