Nvidia shares extend rally to 11 sessions as investors bet on AI demand and trade optimism before U.S.-China talks.
Nvidia (NVDA) reached an all-time high Monday, rising for an 11th consecutive session amid strong investor sentiment. The chipmaker’s stock climbed 8% last week, marking its fourth straight weekly gain as markets await a key meeting between U.S. President Donald Trump and China’s President Xi Jinping later this week.
The rally reflects optimism around artificial intelligence demand and potential easing of trade tensions. NVDA’s streak is its longest since early 2023, outpacing broader tech sector gains. Competitor Cerebras Systems also upsized its IPO, signaling robust investor appetite for AI-related stocks.
No immediate market reaction data was provided, but the stock’s momentum suggests continued bullish sentiment ahead of the high-stakes diplomatic talks.