Nvidia shares rise 2.5% to first record high since May

The record is less about the gain itself than about the gap it closes: Nvidia spent months below its prior peak, so the new high signals that the demand narrative underpinning AI infrastructure has survived that stretch rather than faded. That matters well beyond the equity, since Nvidia's chips sit upstream of most tokenized real-world asset and AI-adjacent crypto infrastructure. Whether the stock holds this level, or whether it marks a fresh ceiling, is the open question for anyone tracking compute costs and capex sentiment into the sector.