Nvidia Stock Hits Record Closing High on Growing Optimism About AI Demand

Key TakeawaysNvidia shares climbed to a record closing high Monday in the wake of bullish comments from Wall Street analysts.Citi analysts said Nvidia is “still king” when it comes to its client base in the AI accelerator market, and projected the chipmaker’s GPU sales to hyperscalers like Google and Microsoft will double this year.The chipmaker's stock price has nearly tripled this year as demand for the company’s AI chips has surged. Nvidia surpassed Microsoft last week as the world's second-largest compa ...