Nvidia Up Another 5%: Bulls Delighted Pondering 'Epic Disruption'

Shares of Nvidia (NVDA) continue their miraculous week, the stock up $6.08, or 5%, at $127.37, after Wednesday's 18% rise. Tuesday's better-than-expected fiscal Q1 report was followed yesterday by the company's annual analyst day meeting, which included details of a new chip design aimed at data center uses such as artificial intelligence. The chip is called "Volta," and it is being compared today in various ways to Intel's (INTC) capabilities. There were no updates on the financial outlook from Nvidia management, but the company did talk up what it believes are $70 billion worth of addressable markets for its products come 2020, and analysts seem encouraged by that today. As one analyst, Rosenblatt's Hans Mosesmann, crowed today, "The level of disruption that the Nvidia GPU acceleration approach will do to the computing world will be epic in our opinion."