Nvidia’s stock price reached a new all-time high on Monday, closing at $138.07. This surge is likely due to anticipation surrounding upcoming earnings reports from major tech companies like Microsoft, Meta, Google, and Amazon. Investors are keen to see how these companies plan to invest in AI infrastructure, which could significantly benefit Nvidia’s business.
Nvidia’s stock has experienced a phenomenal rise this year, gaining nearly 180%. This impressive performance follows a strong climb last year as well. This surge reflects Nvidia’s dominant position in the AI chip market, with estimates suggesting that the company controls between 70% and 95% of this market. Nvidia’s market capitalization has now reached $3.4 trillion, making it the second-most valuable U.S. company, just behind Apple
