NVIDIA Soars to Record High Amid AI Chip Demand Boom

NVIDIA's stock price surged to a record high, reflecting investor confidence in the enduring demand for artificial intelligence technologies. On Monday, NVIDIA's shares rose by 2.4% to close at $138.07, surpassing the previous record set in June. This marks a significant recovery, as the stock has climbed 40% from its August low and has seen an impressive increase of 179% this year.

The recent rally in NVIDIA's stock is driven in part by remarks from CEO Jensen Huang, who highlighted the overwhelming demand for the company's Blackwell chips. His comments have alleviated investor concerns regarding potential delays in the chip's release due to engineering challenges.

This sustained upward trajectory in NVIDIA's market value, which has gained over $20 billion in 2024 alone, underscores the market's positive outlook on the company's strategic positioning in the AI sector.