• 2 months ago
Nvidia shares hit a record closing price on Monday, up over 2%, surpassing the previous high in June. This growth comes as investors anticipate earnings season and updates on AI infrastructure spending from major tech customers. Nvidia, which dominates 95% of the AI chip market, is a key player in the generative AI boom. The stock has surged nearly 180% this year as demand for its next-gen Blackwell chip drives revenue expectations. Nvidia’s revenue is projected to increase more than 80% in the current quarter as companies ramp up AI investments.

Category

🗞
News
Transcript
00:00It's Benzinga and here's what's on the block.
00:03NVIDIA shares hit a record closing price on Monday, up over 2% surpassing the previous
00:07high in June.
00:09This growth comes as investors anticipate earnings season and updates on AI infrastructure
00:14spending from major tech customers.
00:16NVIDIA which dominates 95% of the AI chip market is a key player in the generative AI
00:22boom.
00:23The stock has surged nearly 180% this year as demand for its next-gen Blackwell chip
00:27drives revenue expectations.
00:30NVIDIA's revenue is projected to increase more than 80% in the current quarter as companies
00:34ramp up AI investment.
00:35For all things money, visit Benzinga.com.

Recommended

0:35
I
Up next
Nvidia Faces Key Test With Q3 Report As Investors Eye AI Growth
Benzinga
0:38
Nvidia Posts Impressive $30 Billion in Q2 Sales, but Shares Slip 5%. Are Investors Souring on the AI Chip Giant
Benzinga
0:35
Nvidia Faces Market Volatility After Its Stock Value Soars. Will It Deliver a Return for Investors?
Benzinga
0:32
Nvidia Sees Volatile Trading As Investors Eye Challenges For The AI Chipmaker
Benzinga
0:39
Nvidia Shares Drop 6% After Reporting Record Revenues. Can the Chip Giant Sustain Its Dominance?
Benzinga
0:41
Nvidia Stock Surges 170% in 2024 As Demand For Blackwell Chips Exceeds Supply
Benzinga
0:34
Nvidia's Earnings Call Expected to Forecast Strong AI Chip Demand Through 2025. Analyst Predicts Nvidia's Earnings Call Will Be a 'Drop the Mic Moment'
Benzinga
0:44
Nvidia Stock Surges to Near $1T as Generative AI Spurs Growth
Benzinga
0:38
Micron's Posts Strong Quarterly Results, Forecasts Steady Revenue on AI Product Demand
Benzinga
0:36
AMD's Data Center Sales Surge With AI GPUs, Boosting Q3 Results
Benzinga
0:49
Nvidia Set For Gains From AI Cloud Demand, Blackwell Launch, And Data Center Expansion: Analyst
Benzinga
0:35
Nvidia To Report Q3 Earnings Amid AI Chip Market Dominance
Benzinga
0:42
Will Nvidia Hold Its AI Dominance?
Benzinga
0:45
Nvidia Stock Slips Following Reports Of Overheating Blackwell AI Servers
Benzinga
0:33
Nvidia Stock Poised For a Nearly $300 Billion Market Jolt As Q2 Earnings Loom, Says Goldman Sachs: 'Can You Imagine If NVDA Beats Expectations?'
Benzinga
0:34
Nvidia Set to Release Q1 Earnings: Analysts Predict Significant Growth, But Signs of Slowing Momentum
Benzinga
0:36
Nvidia’s Blackwell Chip Poised For Growth Amid Strong Demand
Benzinga
0:32
Nvidia Falls 3% After Earnings Beat Expectations But Falls Short of Wall Street’s Sky-High Growth Projections
Benzinga
0:35
Dan Ives Expects 'Drop The Mic Performance' Today From Nvidia: Here's Why
Benzinga
1:01
Nvidia’s Shocking Stock Drop: AI Giant Faces Wall Street Pressure!
WooGlobe
0:49
Nvidia Down About 10% From All-Time Highs: Prominent Trader Says He Has Cashed Out Of The Stock Barely A Week Ahead Of Earnings And Will 'Decide On Re-entering' Later
Benzinga
0:38
Nvidia Shares Soar 14% on Impressive Q4 Earnings, Beat Analyst Estimates; Here Are All The Details
Benzinga
0:50
AMD Shares Rise Pre-Market After Semiconductor Giant Unveils New AI Chips To Challenge Jensen Huang's $2.7 Trillion Nvidia Empire
Benzinga
0:47
AMD to Lay Off 4% of Workforce, Aiming to Realign for Growth in the AI Chip Market as Rival Nvidia Holds Majority Market Share
Benzinga
0:52
Nvidia Stock To Surge To $340 In Medium Term? Portfolio Manager Sees Strong Rally Interspersed By 35-80% Pullbacks
Benzinga