Why Nvidia Stock Rallied to a Record High Monday Morning

A couple of developments appear to be fueling the AI specialist's rise.Nvidia (NVDA 4.58%) stock hit a new all-time high Monday morning, shaking off its mid-December slump and jumping as much as 5.3%. As of 1:19 p.m. ET, the stock was still up 4.7%.There were a couple of developments that sent the artificial intelligence (AI) chipmaker higher, as shareholders eagerly await an update from the company's rock star CEO.Kicking off CESCES is one of the biggest tech-focused events in the world. The annual trade s ...