Nvidia Hits Another Record High after Launching New AI GPUs for Desktop

Nvidia, the world’s most valuable chipmaker and the leading supplier of processors, launched three new desktop graphics processors, which drove its share to hit a record high on Monday.

The stock of Nvidia surged by 6.43% to $522.53 in pre-market, following the announcement of the GeForce RTX 40 SUPER Series of graphics processors, which mainly focused on gaming performance and artificial intelligence (AI) usage.

According to LSEG data reported by Reuters, Nvidia’s stock market value is now at approximately $1.3 trillion, after making itself the most traded company on Wall Street by having traders exchanging over $32 billion worth of its shares on Monday.

Nvidia’s stock jumped more than triple in 2023, while the growth also benefited the PHLX semiconductor index to edge 3.3% higher.