Year to date, shares have climbed more than fifty percent as investors reward consistent earnings beats, expanding data-center revenue, and leadership in accelerated computing. Portfolio managers point to sustained product cadence, high margins, and broad ecosystem adoption as key drivers. While competition is intensifying, the company’s scale, software stack, and supply partnerships continue to anchor positioning. Market technicians add that momentum has been reinforced by passive inflows and index weight increases, though volatility around guidance and export-policy headlines remains an ongoing consideration for risk management. Liquidity remains ample during rallies.