Nvidia shares closed at a record $237.58 Monday, their first new high in four months, lifting the chip maker's market capitalization to roughly $5.76 trillion. Analysts say the stock's valuation and Nvidia's central role in the AI ecosystem leave room for further gains.
Nvidia shares rose 2.12% to close at a record $237.58 Monday, the chip maker's first new high in four months. The close pushed Nvidia's market capitalization to roughly $5.76 trillion.
The record ends a months-long stretch without a fresh high, and analysts remain upbeat about what comes next. According to MarketWatch, they point to Nvidia's comparatively cheap valuation and its central role in the broader AI ecosystem as reasons the shares could keep climbing.
Source: MarketWatch.com – Top Stories (snippet-based)
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