TMTPOST -- Nvidia Corporation stock on Thursday rose more than 1.7% to settle at $173.74, setting a new close record. Shares of the leading artificial intelligence (AI) chip company extended their gains after its major customer Alphabet Inc. boosted the capital spending plans this year, strengthening investors’ confidence in strong AI demand.

NVIDIA resumes shipping its H20 AI GPU into China, piggybacking its new B30 AI GPU for China later this year, thanks to US export restriction ease.

Nvidia completed its 10-for-1 stock split on June 7 of last year, with shares trading at the split-adjusted price as of June 10. This brought the shares down from about $1,200 to $120. Since that time, Nvidia stock has experienced ups and downs, but it's delivered a gain of more than 40%.

Nvidia (NASDAQ:NVDA) has been a standout performer in 2025, climbing 18% year-to-date, driven by its dominance in the artificial intelligence (AI) chip market. After delivering staggering returns in recent years,

Nvidia is poised to take advantage of growing demand for sovereign artificial intelligence, Citi analysts wrote Monday.

Both CoreWeave and Nvidia are growth superstars. Both AI stocks look expensive at first glance, but their valuations need to be assessed in light of their growth prospects. Which stock is the better pick to buy right now depends on your take on what's going to happen with AI demand.

Investors looking for high-growth opportunities have turned to the artificial intelligence (AI) sector in recent years. This is as companies operating in the space have delivered impressive ...

SK Hynix is making record profits due to the increasing demand for AI chips, particularly from Nvidia. This performance has propelled it past its competitor, Samsung, in the high-end memory space. SK Hynix reported a major boost in Q2 earnings following rising demand for its AI-focused memory chips.