Nvidia (NASDAQ: NVDA) has remained one of the most popular stocks in the market even after its unprecedented run-up since 2023. The demand for Nvidia's best-in-class graphics processing units (GPUs) hasn't let up because AI computing capacity hasn't come close to being fulfilled.

The US chip designer’s shares rose 4 per cent, surpassing an all-time high intraday price set in January, as it vies with Microsoft and Apple to be the world’s most valuable company. The rally came as Nvidia chief executive Jensen Huang gave a bullish outlook at the company’s annual shareholder meeting on Wednesday about its ability to continue its explosive growth over the next decade.

Global stocks were mixed Wednesday as markets weighed lingering worries about the Iran-Israel conflict while Nvidia surged to a fresh all-time high on bullishness over artificial intelligence.