Nvidia's shares have surged 25% in the last month and are closing in on a new record high as tech earnings season nears.
The company, which has been the leading beneficiary of the artificial intelligence boom, has seen its stock jump over 165% this year after more than tripling in 2023. Top tech companies like Meta, Alphabet, Microsoft, Oracle and OpenAI continue to unveil new AI technologies and products that require investment in Nvidia's chips.Nvidia CEO Jensen Huang presents "Blackwell" at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024.Following a brief but dramatic dip in late August and early September, Nvidia has rebounded sharply. The stock was down slightly on Wednesday at around $132, just shy of its closing high of $135.