Nvidia (NVDA) Moves 18.7% Higher: Will This Strength Last?

Core Insights - Nvidia shares surged 18.7% to close at $114.33, reversing an 11.5% loss over the past month, supported by high trading volume [1][2] Company Performance - Nvidia is projected to report quarterly earnings of $0.93 per share, reflecting a year-over-year increase of 52.5%, with revenues expected to reach $43.22 billion, up 65.9% from the previous year [3] - The consensus EPS estimate for Nvidia has been slightly revised higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [5] Market Context - The recent upswing in Nvidia's stock price is attributed to a broader market rally following President Trump's announcement to pause reciprocal tariffs for 90 days, while a baseline tariff of 10% on imports remains [2] - Reports indicating that Nvidia's H20 AI chips are exempt from US export controls have also contributed to the stock's price increase [2] Industry Comparison - Nvidia is part of the Zacks Semiconductor - General industry, where Intel shares also rose by 18.8% to $21.53, although Intel has seen a -8.3% return over the past month [5] - Intel's consensus EPS estimate has remained unchanged at $0, representing a -100% change from the previous year, and it currently holds a Zacks Rank of 3 (Hold) [6]