Shares of Nvidia, a leading artificial intelligence chipmaker, have surged past $400 for the first time, driven by investor optimism about the growing demand for AI technology. The stock's meteoric rise highlights the intense interest in companies positioned to benefit from the rapid advancement of AI.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. The artificial intelligence chipmaker's previous high was $135.58, which it hit on June 18. Year to date, the stock has risen around 180%. More impressively, if we compare its price from the start of 2023 until today, Nvidia shares are up more than 800%.
After the consumer price index report, markets will be monitoring the U.S. retail sales report, out Thursday, for any signs that the economy and inflation are still hot.
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