Nvidia's stock price closed at a record high on Monday. For the first time in about four months, investors continue to expect strong long-term demand trends for artificial intelligence. Nvidia shares closed up 2.4% to $138.07, breaking the record set in June. The stock has recovered 40% from its August low and has risen 179% so far during the year. The 2024 rally increased the company's market capitalization by more than $2 billion. The stock's recent strong performance was due to CEO Wong In-hoon's statement. He said demand for Blackwell's chip had reached a “crazy” level, easing concerns about the chip's delayed release due to engineering issues.

Nvidia's stock price closed at a record high on Monday. For the first time in about four months, investors continue to expect strong long-term demand trends for artificial intelligence. Nvidia shares closed up 2.4% to $138.07, breaking the record set in June. The stock has recovered 40% from its August low and has risen 179% so far during the year. The 2024 rally increased the company's market capitalization by more than $2 billion. The stock's recent strong performance was due to CEO Wong In-hoon's statement. He said demand for Blackwell's chip had reached a “crazy” level, easing concerns about the chip's delayed release due to engineering issues.