Nvidia eyes record high, inspired by Blackwell chips, TSMC sales

Nvidia ( NVDA ) is within striking distance of its stock's all-time high as it re-approaches this record mark. The chipmaker has risen more than 8% over the past five trading sessions, reporting this week that its Blackwell AI chips are already sold out for the next 12 months.

Seanna Smith and Madison Mills review the tailwinds for the chip giant since the late summer slump that hit the tech and chip sectors. Additionally, CoreWeave — an Nvidia-backed AI GPU (graphics processing unit) startup — JPMorgan Chase & Co. ( JPM ), received $650 million in credit lines from major banks such as Goldman Sachs ( GS ), and Morgan Stanley ( MS ).

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This post was written by Luke Carberry Mogan.