Why Is Nvidia Stock (NVDA) Soaring Today?

Group 1 - Nvidia's shares rose by 4% as of 2:13 p.m. ET, outperforming the S&P 500 and Nasdaq Composite, which gained 0.3% and 0.1% respectively [1] - Oracle reported a staggering $455 billion in total remaining performance obligations (RPOs), more than four times the amount from the same quarter last year, indicating strong demand for GPUs [2][3] - The unexpected RPO figure of $455 billion significantly exceeded Wall Street's expectations of $180 billion, leading to positive sentiment in the market [3] Group 2 - Oracle's commitment to invest $35 billion in capital expenditures during fiscal 2026, primarily for AI computing infrastructure, supports ongoing AI investment trends [2] - The strong earnings report from Oracle alleviated concerns about a potential slowdown in AI data center spending, which could have negatively impacted Nvidia [5] - Despite the positive outlook, there remains a risk of AI spending slowing down, but Nvidia is still viewed as a leading choice for AI infrastructure investments [5]