Stocks
Nvidia Hits All-Time High After Four-Month Slump
Nvidia's stock has finally recovered from its long slump, hitting an all-time high after more than four months. This milestone comes at a time when the AI bull market is still gaining momentum.
The current streak without a new high for NVDA ranks as the third-longest since ChatGPT's launch in November 2022. It took 96 trading days for Nvidia to reach this peak, with the stock leading both the up and down trends during the spring and summer seasons.
Nvidia's performance is closely tied to the semiconductor industry, which has seen fluctuations throughout the year. The company's ability to adapt to changing market conditions has been crucial in maintaining its position as a leader in AI technology.