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NVIDIA Corp (NASDAQ:NVDA) reached a new milestone on Monday, with shares rising 4.14% to close at an all-time high of $143.71, prompting a notable reaction from CNBC’s Jim Kramer.
What happenedAfter the stock’s record performance, Cramer turned to
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Wedbush Effects analyst Then Ives echoed Cramer’s sentiment and responded with trophy emojis symbolizing achievement and success.
Cramer has consistently used similar bullish market terminology when discussing both Nvidia and Nvidia Apple Inc.
On Monday, shares of the semiconductor maker traded between $138 and $143.71 during the session, marking both an intraday and 52-week high, a substantial increase from the 52-week low of $39.23. The increase reflects growing demand for Nvidia’s graphics processing units, especially from hyperscalers that are expanding their data centers with advanced AI capabilities.
The company recently expanded its AI portfolio by quietly introducing a new model, Llama-3.1-Nemotron-70B-Instruct, which reportedly outperformed the competition in benchmark tests.
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Why it mattersThis development is important as it underlines Nvidia’s continued dominance in the AI ​​sector, a position that has been reaffirmed by analysts as a ‘generational opportunity’.
