By George Glover
Nvidia stock was set to rise again Monday and on course for another record, suggesting that the artificial-intelligence chip maker's recent rally won't grind to a halt anytime soon.
Shares climbed 0.8% to $158.98 ahead of the opening bell. Futures tracking the benchmark S&P 500 were up 0.4%.
Other chip stocks were also rising -- Advanced Micro Devices gained 1.2%, Broadcom jumped 1.6%, and Qualcomm added 0.7% in premarket trading.
Nvidia shares notched a five-day winning streak last week, hitting a new high on Wednesday and then building on those gains. In the process, Nvidia surpassed Microsoft to become the world's largest company by total market capitalization.
There's little reason to think the stellar run can't carry on, with investors still bullish that the Trump administration will be able to carry on brokering trade deals. When the market is in a good place, its go-to AI darling tends to be one of the names that reaps the benefits.
Write to George Glover at george.glover@dowjones.com
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June 30, 2025 05:18 ET (09:18 GMT)
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