Nvidia, the AI chipmaker, just hit another record high

Quick Summary:

Nvidia shares hit a record high on Monday, closing at $138.07 as Wall Street anticipates earnings updates from Microsoft, Meta, Google and Amazon on their AI infrastructure spending.

According to Morgan Stanley, which recently hosted meetings with Huang and other Nvidia execs, the chips are already sold out for the next 12 months.

The ride looks to continue, too.

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Article Details

Author / Journalist: Connie Loizos

Category: Technology

Markets: United States

Topics: Climb Demand Closing Record Year Monday Chips Market Nvidia Shares Huang

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 03:38:46 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 184 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23065272

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