We recently published a list of 5 Stocks Surging On Analyst Recommendations. In this article, we are going to take a look at where Nvidia Corporation (NASDAQ:NVDA) stands against other stocks surging on analyst recommendations.

Nvidia continued on its spree of reporting record quarterly revenues in the third quarter of 2024. Revenue came in at $35.1 billion, beating estimates of $33.2 billion, and earnings per share of $0.81 beat estimates of $0.75. Notably, this marked the eighth consecutive quarter of earnings beats from the company.

Nvidia (NVDA) stock is trending again. It is up 15% in 19 days. The 6 months before that was a zero-return period for the company’s stock, so many are wondering what’s changed. Multiple tailwinds are driving the price surge and are expected to continue to do so in the coming weeks.

NVIDIA Corp. (NASDAQ:NVDA) holds a dominant 90% market share as a supplier of computing power. It recently introduced its GeForce RTX 50 series graphics cards (including RTX 5090 and RTX 5080) which use the Blackwell architecture. These GPUs offer ~2x the performance of the previous generation and feature advanced AI technologies.

Shares of NVIDIA Corp. NVDA shed 1.10% to $131.76 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.11% to 5,842.91 and the Dow Jones Industrial Average DJIA rising 0.

NVIt's the start of a new trading week, but little has changed since Friday. In premarket trading, the dominant factor weighing on markets is the rise of 10-year Treasury prices which hit a 14-month high.