Nvidia ($NVDA) at All-Time Peak Amidst AI Excitement and Q3 Anticipation

Nvidia (NVDA) soared to unprecedented heights as enthusiasm surrounding artificial intelligence (AI) rekindled, propelling the chipmaker's stock to a record-breaking $504, a 2.2% increase. The anticipation builds as Nvidia prepares to disclose its third-quarter financial results today.

Investors are keenly observing whether the substantial momentum derived from the AI surge will persist. KeyBanc analyst John Vinh, maintaining an optimistic outlook, reiterated an Overweight rating on Nvidia Corp (NASDAQ: NVDA), setting a price target of $650.

As the artificial intelligence chip leader, Nvidia is expected to unveil yet another formidable revenue forecast on Tuesday. However, amidst the positive outlook, attention is shifting towards the potential impact of the escalating U.S. restrictions on the sale of its high-end chips to China.