Nvidia Stock Hits Record High Amid AI Chip Surge

$NVIDIA (NVDA.US)$ shares reached a new record high, fueled by strong earnings from $Taiwan Semiconductor (TSM.US)$ , a key supplier for Nvidia, $Apple (AAPL.US)$ , and others. TSMC reported a 54% jump in profit and 39% revenue rise for Q3, thanks to growing AI chip demand, easing worries about the semiconductor market softening.

Investor excitement was also boosted by billionaire Stanley Druckenmiller, who admitted regretting selling his Nvidia shares, calling it a "big mistake."

Nvidia stock surged 2.7% to $139.39, peaking at $140.89 intraday. The stock has nearly tripled in 2024 so far.