Why Did NVDA, POET, MRVL Stocks Hit 52-Week Highs Today?

• Nvidia surged to $236.54 on reports that Washington had greenlit the sales of H200 to about 10 Chinese firms. 
• Poet climbed to $20.81 in intraday trading after the company revealed an AI infrastructure deal with Lumilens Inc., potentially worth more than $500 million in contracts.
• Marvell rose to $192.15 on rival Cisco’s strong quarterly results.

Nvidia Corp (NVDA), Poet Technologies (POET), and Marvell Technology Inc. (MRVL) all rallied to fresh 52-week highs on Thursday as renewed optimism around artificial intelligence and new trade developments bolstered the stocks higher.

Wall Street weighed in on Nvidia and Marvell, hiking price targets on the AI-related companies, while Poet surged on the heels of a new deal. NVDA shares closed up more than 4.3% higher on Thursday, while POET stock surged more than 43%. MRVL shares ended the session about 2.6% higher.

Nvidia Surges Ahead Of Q1 Print

Shares of Nvidia surged to a 52-week high of $236.54 on Thursday after reports that Washington had greenlit the sales of its second-most powerful chips, H200, to about 10 Chinese firms, including Alibaba, Tencent, and ByteDance.

According to a Reuters report, while deliveries were yet to be completed, the clearance comes amid CEO Jensen Huang’s trip to Beijing with President Donald Trump.

The stock also garnered attention on Wall Street ahead of its first-quarter (Q1) results due next week. RBC Capital kept an ‘Outperform’ rating and a $250 price target on Nvidia ahead of its Q1 results, noting that it expects Q1 results and second-quarter outlook to be similar to the past three quarters, with a 3%-5% beat and raise as AI compute demand is outpacing supply, while visibility is extending well into 2027, as per TheFly.

UBS raised the price target on Nvidia to $275 from $245 and kept a ‘Buy’ rating on the shares, noting that continued strong Blackwell demand and an anticipated Rubin rack shipment ramp beginning in the September/October timeframe would boost revenue. Cantor Fitzgerald also raised the price target on Nvidia to $350 from $300 and maintained an ‘Overweight’ rating on the shares.

On Stocktwits, retail sentiment around NVDA was in the ‘extremely bullish’ territory amid ‘high’ message volumes at the time of writing.

Poet Rallies On $500M Deal

POET stock surged the most in over two years to a 52-week high of $20.81 in intraday trading after the company revealed an AI infrastructure deal with privately-held Lumilens Inc., potentially worth more than $500 million in contracts over the next five years.

The company said that the supply agreement with Lumilens to jointly develop and scale the manufacturing of optical components had already received an initial $50 million purchase order. POET also granted a warrant to purchase up to 22.92 million common shares, exercisable over nine years at an exercise price of $8.25 per share, in connection with the deal.

POET shares have nearly tripled in value this year. On Stocktwits, retail sentiment around POET was in the ‘extremely bullish’ territory amid ‘high’ message volumes at the time of writing.

Marvell Rides Cisco’s High

Marvell shares climbed to a 52-week high of $192.15, riding the optimism from rival Cisco’s strong quarterly results, which highlighted the surging demand for data center infrastructure and networking solutions companies. The surge comes a day after MRVL rallied more than 8% following Advanced Micro Devices (AMD) announcing a stake in the company.

The company also garnered multiple price target updates on Wall Street ahead of its quarterly results expected at the end of the month. RBC Capital raised the price target on Marvell to $200 from $170 and kept an ‘Outperform’ rating on the shares, as per TheFly. The firm expects Optical momentum to sustain through the year.

Goldman Sachs analyst James Schneider also raised the price target on Marvell to $125 from $100 and kept a ‘Neutral’ rating on the shares, saying that investors are likely to focus on upside in Marvell's datacenter business driven by rising hyperscaler capex, and strength in optical networking. BofA analyst Vivek Arya also hiked the firm's price target on Marvell to $200 from $125 and kept a ‘Buy’ rating on the shares.

Marvell shares have more than doubled so far in 2026, while retail sentiment on the stock remains ‘Neutral’ on Stocktwits amid ‘normal’ message volumes.

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