Nvidia stock rose 2.5% in pre-market trading after positive industry update from Trendforce.

From Investing.com: 2024-12-18 09:00:17

Shares of Nvidia Corporation (NASDAQ: NVDA) rose 2.5% in pre-market trading after a positive industry update from Trendforce. The report highlighted the progress of Nvidia’s Blackwell NVL/GB200 system, boosting investor confidence. Production of the system is on track, despite initial concerns of delays due to cooling issues. Mass production is expected to peak in the second and third quarters of 2025. Analysts believe Nvidia’s conservative revenue guidance for the January quarter was a strategic move to mitigate potential setbacks. Citi analyst Atif Malik predicts continued GPU momentum in 2025, with Nvidia shares up 163% year-to-date.



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