Nvidia Stock (NVDA) Skyrockets: Here’s Why It’s Dominating the Market Today

Nvidia shares explode upward as AI demand hits unprecedented levels.

The chipmaker's relentless innovation in artificial intelligence processors continues to pay massive dividends—literally and figuratively.

Market analysts point to staggering data center revenue growth and breakthrough product cycles.

While traditional investors scramble to understand the rally, crypto natives nod knowingly—this is what happens when technology actually delivers value instead of empty promises.

Another day, another reminder that building real infrastructure beats financial engineering every time.

Oracle's spending signals strong GPU demand

Oracle reported earnings that included $455 billion in total remaining performance obligations (RPOs) -- essentially future revenue for which it is already contracted and now must deliver on. That figure is more than 4 times larger than it was during the same quarter last year. The cloud infrastructure provider plans to deploy $35 billion in capital expenditures (capex) during its fiscal 2026, with most of that going to AI computing infrastructure like Nvidia's chips.

The figure shocked investors and Street analysts who had been expecting $180 billion in RPO, a sizable amount, but dwarfed by what Oracle reported. Ben Reitzes of Melius Research spoke on CNBC's Closing Bell: Overtime, saying:

This is a very historic kind of print right here from Oracle with this backlog. ... The Street was looking for about $180 billion in RPO, and they're talking about a number that is a multiple of that. That is astounding.

Image source: Getty Images.

The AI investment cycle keeps rolling

Oracle's commitment helps cool fears in recent weeks that the AI data center spending spree was showing signs of slowing down, something that could hit Nvidia's bottom line hard. While the earnings print is encouraging, the risk of AI slowing down remains an issue.

Nevertheless, I believe Nvidia is still the best AI infrastructure stock to pick with a strong, durable moat.