Nvidia's 7-Day Win Streak Just Ended.

Nvidia's seven-day winning streak ended on Friday after an 11% run. The stock closed at $183.94 on Thursday, its seventh straight gain and its longest streak since November 2023. Then the rally paused.

But look past the day-to-day moves. The bigger story in AI this week is about where the chips are going, who is making them, and why the demand picture keeps getting stronger.

Two things pushed Nvidia and other AI stocks higher over the past week. First, the Iran ceasefire on April 9 lifted the entire market. Tech stocks led the charge, with Meta, Amazon, Alphabet, and Nvidia all posting strong gains.

Second, AI chip demand keeps growing faster than anyone expected. Nvidia projects $1 trillion in confirmed AI chip orders through 2027. Those are not forecasts. Those are purchase orders from the world's biggest tech companies.

Even after the streak, Nvidia is still down about 1% for the year and 13% below its all-time high. The rally brought the stock closer to fair value. It did not push it into bubble territory.

The other major AI story this week came from Intel. On April 7, Intel announced it will be the primary manufacturing partner for Elon Musk's Terafab project. Intel stock jumped 11.4% on the news.

Terafab is a $25 billion chip manufacturing complex planned for Austin, Texas. The goal is to produce 1 terawatt of computing power per year. To put that in context, that is enough to power millions of AI servers.

The facility will have two parts. The first will make AI chips for Tesla's self-driving cars and humanoid robots. The second will make radiation-hardened chips (chips built to survive the harsh conditions of space) for SpaceX's satellite-based AI data centers.

This deal matters for two reasons. It gives Intel a major customer at exactly the right time. And it shows that AI chip demand is spreading beyond cloud computing into cars, robots, and space. The market for these chips is getting wider, not narrower.

While Intel is building Musk's factory, Nvidia is preparing its next chip launch. The Rubin GPU is set to ship in the second half of 2026 through Amazon Web Services, Google Cloud, and Microsoft.

Nvidia says Rubin will deliver 5 times the performance of its current Blackwell chip and cut the cost of AI processing by 10 times. If those numbers hold up, it could trigger another wave of spending from companies racing to upgrade their AI systems.

For fiscal year 2026, Nvidia posted $215.94 billion in revenue, up 65% from the year before. Wall Street expects another 79% jump in the current quarter. Those are not normal growth rates for a $2 trillion company.

The AI trade in 2026 looks different from 2025. Last year, you could buy almost any AI stock and make money. This year, the winners and losers are splitting apart. The Global X Artificial Intelligence ETF is down 3% year-to-date, even as individual names like Seagate (up 645% in the past year) and Intel (surging on the Terafab deal) post huge gains.

The lesson: picking the right AI stocks matters more now than it did a year ago. Broad AI ETFs are lagging. Companies with specific, high-demand products are pulling ahead.

Nvidia's streak ending is not a warning sign. The company is still growing revenue faster than almost any large-cap stock in history. Intel just landed its biggest deal in years. And AI chip demand is expanding into entirely new industries.

Watch for Nvidia's Rubin chip launch later this year. That is the next big catalyst. And keep an eye on Intel. If Terafab stays on track, the comeback story could be one of 2026's biggest surprises.