Nvidia Stock Climbs To Record Close Monday | Global News Avenue

NVIDIA (NVDA) Taiwan’s Foxconn stock price climbed to a record high on Monday after the company released its financial results Fourth-quarter revenue hits record high.

Foxconn is a major supplier to Nvidia and Apple (AAPL) and many other tech giants reported fiscal fourth-quarter revenue up 15% year over year, driven by strong demand for their products. Artificial Intelligence (AI).

Nvidia shares rose 3.4% on Monday to close at $149.43, surpassing the closing record of $148.88 set on November 7. The company’s share price has almost tripled in the past 12 months.

Investors are also looking forward to CEO Jen-Hsun Huang’s Opening keynote speech On Monday, a major consumer electronics show will begin around 9:20 PM ET. Analysts expect Nvidia to raise sales forecasts for its Blackwell GPUs, with many viewing the event as a potential growth catalyst for the chipmaker.

All but one of the 21 analysts tracked by Visible Alpha maintain a “buy” or equivalent rating on the stock, with a consensus price target of $177, an 18% premium to Monday’s closing price.