Monday saw Nvidia’s stock close at a record high as Wall Street prepares for earnings season and updates from all of the company’s major clients regarding their anticipated investments in AI technology.
By 1 pm Eastern time, the stock had up 2.6% to $138.31. June 18 was its highest close to date, at $135.58. The stock has more than nine times increased since the start of 2023 and is currently up about 180% for the year.
With the public launch of OpenAI’s ChatGPT in November 2022, the generative AI boom began, and Nvidia, which is commonly seen as the firm selling the picks and shovels for the AI gold rush, has benefited the most.
Source (CNBC)
