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.