Nvidia stock was rising on Tuesday as investors reacted to developments around new products from the chip designer.
Shares climbed 1.3% to $151.40 in premarket trading. Futures tracking the benchmark S&P 500 were up 0.1%.
Nvidia had risen 3.4% on Monday, briefing topping Apple’s market valuation in intraday trading. The chip designer closed at a market capitalization at $3.66 trillion, putting it on the brink of overtaking the iPhone maker as the world’s most-valuable company.
Nvidia CEO Jensen Huang gave a keynote speech at the CES tech trade show in Las Vegas on Monday, unveiling the company’s next-generation gaming graphics cards. But that’s not moving the stock in a major way, given that it’s artificial intelligence rather than gaming that has led to shares skyrocketing over the past two years.