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.
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00:00It's Benzinga and here's what's on the block.
00:03NVIDIA shares hit a record closing price on Monday, up over 2% surpassing the previous
00:07high in June.
00:09This growth comes as investors anticipate earnings season and updates on AI infrastructure
00:14spending from major tech customers.
00:16NVIDIA which dominates 95% of the AI chip market is a key player in the generative AI
00:22boom.
00:23The stock has surged nearly 180% this year as demand for its next-gen Blackwell chip
00:27drives revenue expectations.
00:30NVIDIA's revenue is projected to increase more than 80% in the current quarter as companies
00:34ramp up AI investment.
00:35For all things money, visit Benzinga.com.