Nvidia, the AI chipmaker, just hit another record high

In Brief Nvidia shares hit a record high on Monday, closing at $138.07 as Wall Street anticipates earnings updates from Microsoft, Meta, Google and Amazon on their AI infrastructure spending.The stock’s climb has been stupefying — surging nearly 180% this year, following a rapid climb last year; it’s also a reflection of Nvidia’s renowned stronghold on the AI chip market, 70% to 95% of which is controlled by the outfit, per estimates by Mizuho Securities. Indeed, with a market cap of $3.4 trillion, Nvidia i ...