Nvidia Shares Rise Ahead of Earnings on New Funding Moves
· Technology · CNBC, Economic Times
Nvidia shares closed around $225 per share on Monday, a level not seen since mid‑May, marking a second day of gains. The company is up more than 20% YTD, outpacing the Nasdaq Composite and the S & P 500. Analysts cite three factors: tighter financial support for key customers, a new financing initiative, and stronger revenue growth prospects for OpenAI and Anthropic, major users of Nvidia chips. On Monday, Nvidia announced it would be the exclusive compute provider for a new Ohio data‑center that will house OpenAI under a 20‑year lease. The company will release its fiscal 2027 Q2 earnings on Aug. 26. Jim Cramer stated on CNBC’s Morning Meeting that Nvidia can continue to climb.
Why it matters
The move signals renewed confidence in Nvidia’s ability to support AI demand, which could lift related semiconductor ETFs and affect institutional portfolio allocations. It also indicates that big AI customers may increase their spend, sustaining Nvidia’s growth trajectory.
Read the original report — CNBC
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