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Nvidia Corp.’s stock is on track to close at a new high, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.
Shares of Nvidia
NVDA are up 3.8% in Monday morning action and pacing toward their first record close since Nov. 7, according to Dow Jones Market Data. The stock has gained nicely in all three sessions of the year so far, including this one. Nvidia’s stock, which recently changed hands near $150, is still off from its Nov. 21 intraday high of $152.89.