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Nvidia Trades at All-Time High After Four-Month Drought

Guavy AI Editorial Team
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NVDA
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Nvidia (NVDA) has finally broken its streak of not reaching new highs after more than four months. The semiconductor company's shares traded at an all-time high yesterday, marking a significant recovery for the AI bull market's leading star.

This comes as Nvidia led both the rise and fall in semiconductors during the spring and summer seasons. The current streak without a new high for NVDA has ranked as the third-longest since ChatGPT launched in November 2022, lasting 96 trading days.

The AI bull market's performance is closely tied to Nvidia's success, making its recovery particularly significant. However, it remains to be seen if the gains will hold.

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