Nvidia heads for record close as AI chipmaker's market cap tops $3.4 trillion

Nvidia shares hit an all-time high as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.

The stock climbed 2.6% to $138.31 as of about 1 p.m. Eastern time. Its highest close to date was $135.58 on June 18. The shares are now up almost 180% for the year and have soared more than nine-fold since the beginning of 2023.

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