NVIDIA's stock price closed at a record high, with investors expecting long-term strong demand for artificial intelligence

NVIDIA's stock price closed at a record high on Monday, the first time in about four months, as investors continue to anticipate strong long-term demand trends for artificial intelligence. NVIDIA's stock price rose 2.4% to $138.07, breaking the record set in June. The stock has rebounded by 40% from its low point in August and has risen by 179% year-to-date. The surge in 2024 has increased the company's market value by over $20 billion. The recent strong performance of the stock is attributed to CEO Jensen Huang's remarks. He stated that demand for the Blackwell chip has reached a "crazy" level, alleviating concerns about the chip's delayed release due to engineering issues