Nvidia's Stock Soars as AI Demand Drives Market Surge
Nvidia approaches a historic market cap high, fueled by AI advancements and strategic leadership under CEO Jensen Huang.
- Nvidia's stock has surged nearly 200% year-over-year, nearing its all-time high and closing above $138 per share for the first time.
- CEO Jensen Huang attributes Nvidia's success to its pioneering role in AI technology and strategic market creation.
- The company's AI chips, particularly the upcoming Blackwell series, are in high demand despite a slight production delay.
- Tech stocks, including Nvidia, have significantly boosted major indexes, with the S&P 500 and Dow Jones reaching record highs.
- Nvidia's market cap is now at $3.41 trillion, positioning it as the second most valuable company, closely trailing Apple.