Nvidia Stock Surges to 5-Month High Amid AI Dominance and Strategic Expansion

Nvidia Corp''s shares climbed to $142.90 in premarket trading, marking a NEAR five-month peak as the chipmaker continues its reign in the AI hardware space. The stock has gained in five of the last six sessions, buoyed by sector-wide tech momentum and CEO Jensen Huang''s strategic announcements at London Tech Week.

Huang revealed plans for a UK-based AI lab and developer training partnerships during a keynote with British Prime Minister Keir Starmer. The MOVE reinforces Nvidia''s position as the undisputed leader in AI data center chips, commanding 92% market share despite growing competition.

The company''s return to the IBD 50 list at #2 spot underscores its resilience. Analysts project 54% revenue growth to $199.7 billion this fiscal year, though the pace shows signs of deceleration from previous quarters.