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Nvidia Announces Open-Source Quantum Models as Stock Rises 18% in Ten Days
Nvidia's shares increased more than 18% over the past ten days, marking the longest winning streak since a similar period in 2023. The company denied rumors of acquiring a large PC maker and unveiled a new family of open-source models for quantum computing. Nvidia's data center revenue rose 75% year-over-year, now comprising 88% of its business.
Apr 14, 2:24 PM·1m read1 source
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# Nvidia Stock Gains 18% Amid AI Developments Nvidia's stock rose more than 18% over the past ten days. This marks the company's longest winning streak since another ten-day rise in 2023. 19, adjusted for a 10-for-1 stock split that occurred in 2024.
Nvidia's data center revenue is up 75% year-over-year. This segment now makes up 88% of its business. Five years ago, gaming was Nvidia's largest revenue driver.
Monday, Nvidia denied rumors that it is trying to acquire a large PC company such as Dell or HP.
' Both Dell and HP Inc. rose on the claims Monday, then lost some of those gains early Tuesday.
delivered the keynote address at the GTC AI Conference in San Jose, California, on March 18, 2025.
At last month's annual GTC conference, Huang said Nvidia has more than $1 trillion in orders for its graphics processing units through 2027, including its current Blackwell and next-generation Vera Rubin GPUs. At GTC in March, Nvidia unveiled new types of chips for powering AI, including a language processing unit made with technology acquired with its $20 billion purchase of chip startup Groq in December.
Nvidia acquired chip startup Groq for $20 billion in December.
At GTC in March, Nvidia unveiled a standalone rack of its newest Vera central processing units. Meta is the first major customer of Nvidia's standalone CPUs. In February, Meta committed to deploying millions of Nvidia's chips in its dozens of data centers worldwide.
Tuesday, Nvidia announced a new family of open-source models called Ising, aimed at accelerating the adoption of quantum computing.
