Nvidia Nears All-Time Highs Amid AI Market Volatility
· Business · CNBC, New York Times
Nvidia shares are approaching their May record high of $236.54, gaining 15% over the last three months despite broader instability in the AI sector. The company recently secured a commitment from CoreWeave to deploy its Vera Rubin platform in data centers. Meanwhile, Micron shares rose ahead of its earnings report as investors monitor the sustainability of AI-driven memory demand. Management is expected to provide updates on long-term customer agreements and the status of new manufacturing facilities in Boise and New York.
Why it matters
Nvidia's ability to break past its previous peak serves as a key indicator for the overall health and momentum of the AI-focused technology trade.
Read the original report — CNBC
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