Nvidia shares hit another record high

Nvidia, the leading AI chipmaker, saw its shares close at a record $138.07 on Monday, reflecting a nearly 180% surge this year.

Wall Street's anticipation of upcoming earnings reports from major tech firms like Microsoft, Meta, Google, and Amazon, which are heavily investing in AI infrastructure, contributed to the stock's rise.

Nvidia currently controls 70% to 95% of the AI chip market, and with a market cap of $3.4 trillion, it is now the second-most valuable U.S. company after Apple. CEO Jensen Huang, whose net worth has soared to $121.5 billion, highlighted "insane" demand for Nvidia's next-generation Blackwell chips, already sold out for the next 12 months.