Nvidia shares rose over 3% on Thursday, marking a new intraday high of US$140.89.

The stock surpassed the previous high set on 20 June, closing at US$136.93, up 1% for the day.

Nvidia shares have surged 180% year-to-date, with significant gains since early 2023.

Tech giants like Microsoft, Meta, Google, and Amazon have been purchasing Nvidia GPUs to enhance their AI capabilities.