Nvidia Maintains AI Dominance as Order Backlog Surpasses $1 Trillion

Nvidia is experiencing a powerful rally, marking its longest winning streak since 2023 with an 18% gain over the last ten trading sessions. The surge reflects sustained investor confidence in the company's role as the primary provider of AI hardware, though shares remain roughly 8% below their adjusted all-time high of $212.19. The growth is driven by massive capital expenditures from hyperscalers including Microsoft, Amazon, Google, and Meta. CEO Jensen Huang recently revealed that the company has secured more than $1 trillion in orders for its GPU lineup through 2027, spanning the current Blackwell architecture and the upcoming Vera Rubin generation. The company's business model has shifted dramatically toward the data center, which now accounts for 88% of total revenue and has grown 75% year-over-year. This marks a complete transition from five years ago when gaming served as the primary revenue driver. Beyond GPUs, Nvidia is expanding into CPUs and specialized AI hardware, utilizing technology from its $20 billion acquisition of Groq. Meta has already emerged as a primary customer for Nvidia's standalone CPUs. Additionally, the company introduced 'Ising,' a new family of open-source models designed to accelerate quantum computing adoption. While rumors of a potential acquisition of a major PC maker briefly boosted shares of Dell and HP Inc., Nvidia officially denied these claims in a statement, confirming it is not engaged in discussions to acquire any PC maker.