Nvidia Stock Reaches Record $138.07 Ahead of Big Tech’s AI Earnings

Nvidia shares hit a record high of $138.07 as Wall Street looks forward to hearing about Big Tech’s AI spending in their next earnings reports.

Monday, Nvidia shares closed at a record high of $138.07. WS is waiting for Microsoft, Meta, Google, and Amazon to report their earnings and talk about how much they spent on AI infrastructure.

After a fast rise last year, the stock’s rise this year has been even more impressive, rising nearly 18%. This is partly due to Nvidia’s famously strong control over the AI chip market, which the company is thought to control 70% to 95% of.

Nvidia is now the second most valuable U.S. company, after Apple, with a market cap of $3.4 trillion.

Jensen Huang, CEO of Nvidia. According to Forbes, he is now worth an estimated $121.5 billion. It looks like the ride will go on too.

Nvidia’s Blackwell Chips Already Sold Out for 2025

Huang stated earlier this month that Nvidia is experiencing “insane” demand for its upcoming Blackwell chips, scheduled for release in the fourth quarter. This is on top of the market for its current chips.

Huang and other Nvidia executives recently met with Morgan Stanley, who informed them that the chips have already sold out for the upcoming year.