Nvidia Hits Record Close, Fueled by AI Spending. Investors Anticipate Earnings Season From Major Tech Customers.

Nvidia Hits Record Close, Fueled by AI Spending. Investors Anticipate Earnings Season From Major Tech Customers.

Nvidia shares hit a record closing price on Monday, up over 2, surpassing the previous high in June. This growth comes as investors anticipate earnings season and updates on AI infrastructure spending from major tech customers. Nvidia, which dominates 95 of the AI chip market, is a key player in the generative AI boom. The stock has surged nearly 180 this year as demand for its next-gen Blackwell chip drives revenue expectations. Nvidia’s revenue is projected to increase more than 80 in the current quarter as companies ramp up AI investments.


User: Benzinga

Views: 108

Uploaded: 2024-10-15

Duration: 00:39

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