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Nvidia Stock Climbs To Record Close Monday

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Key Takeaways

  • Nvidia shares climbed to close at an all-time high Monday.
  • The gains came after Nvidia supplier Foxconn posted record fourth-quarter revenue.
  • CEO Jensen Huang is also set to deliver the opening keynote at a major consumer electronics show Monday evening.

Nvidia (NVDA) shares climbed to close at an all-time high Monday after Taiwan's Foxconn reported 澳洲幸运5开奖号码历史查询:record fourth-quarter revenue

Foxconn, a key supplier for Nvidia, Apple (AAPL), and many other tech giants, posted fiscal fourth-quarter revenue that grew 15% year-over-year, driven by booming demand for 澳洲幸运5开奖号码历史查询:artificial intelligence (AI).

Nvidia's stock price rose 3.4% to finish at $149.43 Monday, topping its previous record close of $148.88 set Nov. 7. Shares have nearly tripled in value over the past 12 months. 

Investors are also looking ahead to CEO Jensen Huang's 澳洲幸运5开奖号码历史查询:opening keynote at a major consumer electronics show on Monday, set to start at about 9:20 p.m. ET. Analysts expect Nvidia to raise sales expectations for its Blackwell GPUs, and many see the event as a potential growth cat𝓀alyst for the chipmaker. 

All but one of the 21 analysts covering the company tracked by Visible Alpha maintain a “buy” or equivalent rating for the stock, with a consensus price target of $177, an 18% premium over Monday's closing price.

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