Nvidia Just Posted Its Longest Winning Streak Since 2023. Is This Time for Real?

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with Nvidia now accounting for roughly 22% of TSM’s revenue. AMD trades at a forward P/E near 88x while Nvidia sits at roughly 38.5x trailing earnings on a share price around $188.63.Nvidia’s eight-day winning streak is backed by Taiwan Semiconductor’s 35% foundry growth and Nvidia’s own 65% full-year revenue expansion to $215.9B, though history shows similar short bursts throughout 2025 often faded after profit-taking, and the stock remains 11% below its 52-week high despite hyperscaler capex commitments from Amazon, Google, Meta, and Microsoft remaining intact.The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.The S&P 500 is mixed after March inflation came in just below forecasts and uncertainty over a peaceful resolution to the Iran war. Tech stocks, though, were once again doing the heavy lifting. Right in the middle is Nvidia (NASDAQ:NVDA), which just logged its eighth consecutive session of gains through Friday's close, with the stock rising 14% over that span.That marks its longest winning streak since November 2023, when it posted 10 straight up days, though it only rose about 12% at the time. The current run-up, then, raises the question: Is this run higher signaling Nvidia is finally turning a corner, or is it just another setup to fall back into stagnation? Let's dig into the numbers and separate signal from noise.The immediate catalyst traces straight to the factory floor. On Friday, Taiwan Semiconductor Manufacturing (NYSE:TSM) preliminarily reported record first-quarter revenue of NT$1.13 trillion, or about $35.6 billion, up 35% from a year earlier. That beat expectations and highlighted red-hot demand for advanced AI chips. Nvidia now accounts for roughly 22% of Taiwan Semiconductor's revenue, overtaking Apple (NASDAQ:AAPL) as its largest customer. Simply put, when the world's biggest chip foundry signals capacity constraints on 3-nanometer and 2-nanometer processes tied to AI accelerators, the market reacts in kind.READ: The analyst who called NVIDIA in 2010 just named his top 10 AI stocksNvidia's own fiscal 2026 results, released in February, have already laid the groundwork. Full-year revenue hit $215.9 billion, up 65% from the prior year, with Data Center revenue alone reaching $193.7 billion, a 68% gain. Those figures dwarf anything from peers. Advanced Micro Devices (NASDAQ:AMD), for comparison, trades at a forward P/E near 88x while Nvidia sits at roughly 38.5x trailing earnings on a share price around $188.63. Taiwan Semiconductor itself carries a P/E around 35x. The data tells us Nvidia still commands a premium, but its growth engine remains unmatched.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersNQ=F Nasdaq 100 Jun 26 24,994.25 -287.00 (-1.14%)CL=F Crude Oil May 26 104.32 +7.75 (+8.03%)ES=F E-Mini S&P 500 Jun 26 6,787.25 -68.00 (-0.99%)YM=F Mini Dow Jones Indus.-$5 Jun 26 47,656.00 -473.00 (-0.98%)GC=F Gold Jun 26 4,693.90 -93.50 (-1.95%)PortfolioSign in to access your portfolioSign inTop gainersOGN Organon & Co. 8.83 +1.92 (+27.79%)XNDU Xanadu Quantum Technologies Limited 8.96 +1.31 (+17.12%)ALAB Astera Labs, Inc. 149.05 +19.59 (+15.13%)MANE Veradermics, Incorporated 68.80 +8.82 (+14.70%)TTMI TTM Technologies, Inc. 121.49 +13.96 (+12.98%)Top losersFSLY Fastly, Inc. 23.07 -6.39 (-21.69%)AKAM Akamai Technologies, Inc. 91.35 -18.26 (-16.66%)FICO Fair Isaac Corporation 922.37 -149.98 (-13.99%)SEZL Sezzle Inc. 59.71 -9.42 (-13.62%)NET Cloudflare, Inc. 166.99 -26.06 (-13.50%)Most activeNVDA NVIDIA Corporation 188.63 +4.69 (+2.55%)PLTR Palantir Technologies Inc. 128.06 -2.48 (-1.90%)HOLX Hologic, Inc. 76.01 +76.01 (0.00%)INTC Intel Corporation 62.38 +0.66 (+1.07%)CRWV CoreWeave, Inc. 102.00 +10.00 (+10.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events