$NVIDIA(NVDA.US) surged last night for the following reasons,
First, the most direct news is that the supply chain order information for Blackwell GB200 chips shows that Microsoft is currently the largest GB200 customer globally, with orders surging 3-4 times in Q4 this year, exceeding the total orders of all other cloud service providers combined.
Second, TSMC's outstanding performance earlier indicates continued optimism about AI demand prospects.
Third, I believe it's a catch-up rally. The S&P 500 has hit new highs for five consecutive weeks, and Nvidia, as the king of performance, after lying low for four months, finally reached a new high.
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