Nvidia Shares Hit All-Time High Closing Price

Business

Nvidia's shares reached a historic high, closing at $138.07, with the company's market capitalization nearing $3.4 trillion. Investors are eagerly anticipating the upcoming reports from major tech companies, which are heavily investing in Nvidia's AI chips.

Nvidia Shares Hit All-Time High Closing Price
According to CNBC, Nvidia shares rose by 2.43% on October 14, setting a new record. Since the beginning of 2024, Nvidia’s stock has surged by 180%, driven by increased demand for AI-powered graphics processors.

Nvidia continues to dominate the AI market, controlling roughly 95% of the chip market for AI training and inference. Major tech companies like Microsoft and Alphabet are pouring billions into Nvidia’s processors for their AI-driven projects.

The company's new-generation AI chip, Blackwell, is in high demand. Nvidia's CEO, Jensen Huang, confirmed that production is now fully underway despite earlier delays in August due to the chip's complexity.

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