
Nvidia, the leading AI chipmaker, reached a new milestone on Monday, with shares closing at a record $138.07. The company’s stock has soared nearly 180% this year, driven by strong AI infrastructure investments from tech giants like Microsoft, Meta, Google, and Amazon. Nvidia now controls 70% to 95% of the AI chip market, according to Mizuho Securities.
With a market cap of $3.4 trillion, Nvidia is the second-most valuable U.S. company, just behind Apple. CEO Jensen Huang, worth an estimated $121.5 billion, is at the helm of this explosive growth. Demand for Nvidia’s next-gen Blackwell chips is already “insane,” with orders sold out for the next year, further solidifying its dominant position in the AI market.