NVIDIA Corporation (NASDAQ:NVDA) saw a 2.5% uptick in pre-market trading Wednesday, driven by a favorable report from Trendforce on its production progress for the Blackwell NVL/GB200 system.

Key Developments

1. Production Progress:

   • Trendforce confirmed that production is on track despite previous concerns about cooling and heat management issues.
   • Mass production is expected to peak between Q2 and Q3 of 2025.

2. Market Sentiment:

   • Analysts like Jordan Klein (Mizuho TMT) noted NVIDIA's conservative revenue guidance for the January quarter, set below market whispers of $39-40 billion.
   • Citi's Atif Malik highlighted an increase in CoWoS foundry capacity allocation from 56% in 2024 to 60% in 2025, reinforcing expectations for continued GPU demand.

3. Stock Performance:

   • NVIDIA shares dipped below $130 earlier this week but have rebounded, contributing to its impressive 163% year-to-date gain.

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Analyst Insights

The market's positive response reflects optimism about NVIDIA's ability to navigate production challenges and its strategic revenue guidance. This conservative approach may position the company well for sustainable growth amid growing GPU demand.