** Shares in Nvidia NVDA.O up about 2% on Monday ahead of a presentation by CEO Jensen Huang, who is expected to detail the artificial intelligence chip leader's ‌hardware and software plans at its developer conference in San Jose, California

** Shares last traded around $184 after earlier hitting a high of $185.05. NVDA, the biggest index boost for the S&P 500 on Monday, is the world's most highly valued company with a current market cap of ~$4.47 trillion

** Jensen expected to unveil a next-generation AI chip called Feynman

** Investors have been increasingly anxious about the prospects for returns on massive investments in AI in the technology sector broadly, and will closely monitor the GTC conference as co has been plowing its profits back into the AI ecosystem

** NVDA shares have fallen roughly 13% from record intraday high of $212.19 touched on Oct 29, when they hit $5 trillion market value, a day after Huang's address at the last GTC event held in Washington D.C.

** Stock recently traded at 21x forward earnings, well below its 5-yr avg of 38x, per LSEG Datastream

** With move on the session, stock down ~1% after rising 39% in 2025

** Avg rating of 65 analysts is "buy; median PT of $260 implies ~40% upside to current levels

(Reporting by Sinead Carew, Lance Tupper)

((sinead.carew@thomsonreuters.com))