Nvidia Stock Soars Amid AI Chip Market Dominance

Nvidia's stock has surged to a record high, closing at $138.07, driven by strong demand for its new Blackwell AI chips, which are already sold out for a year, according to sources like Morgan Stanley. CEO Jensen Huang confirmed that Blackwell is in full production, and investor enthusiasm remains high due to its potential to power a new industrial revolution in AI. Nvidia's market value has ballooned to $3.39 trillion, making it the second-most valuable company after Apple, which stands at $3.52 trillion. This surge reflects Nvidia's dominance in the AI chip market, controlling up to 95% of it, leading to a 180% stock increase year-to-date. The company's remarkable growth is attributed to its role in advancing AI technology, with significant investments from tech giants like Microsoft and Alphabet. Analysts remain optimistic about Nvidia's future, expecting its revenue to more than double this year, as the company continues to benefit from the AI boom.