Nvidia's stock reached a record high of $138.07 on October 14, 2024, reflecting a nearly 180% increase this year. The surge comes as Wall Street anticipates earnings updates from major tech companies regarding their AI infrastructure investments. Nvidia commands a staggering 70% to 95% of the AI chip market, contributing to its $3.4 trillion market cap, making it the second-most valuable U.S. company. CEO Jensen Huang announced 'insane' demand for the upcoming Blackwell chips, which are already sold out for the next 12 months, signaling continued growth for the company.