Nvidia shares rose for a fifth consecutive day Friday as the chipmaker hovered near fresh highs and investors shook off China concerns.
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Nvidia
stock rose for a fifth consecutive day Friday as the chipmaker hovered near fresh highs and investors shook off China concerns.
The rise in shares has helped the artificial intelligence chipmaking giant regain its seat as the most valuable company.
The stock is up 66% since hitting its 52-week low in early April. Its market capitalization last stood at about $3.8 trillion, putting it ahead of Microsoft
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Nvidia denied rumors that it's in talks to buy a large PC company, telling CNBC in a statement that it's "not engaged in…
Nvidia's stock closed at its first record since October, as a rally in Intel pushed chipmakers higher.
Shares of the AI juggernaut are up nearly 20% in the last four weeks.
The surge comes barely three months after it hit the $4 trillion market cap.
Nvidia is on track to become the first company to cross the $5 trillion market value threshold.
