NVIDIA's stock closed at a new record high on Monday, topping $3.39 trillion, which is a significant milestone for the company. This achievement puts NVIDIA just below Apple, which currently holds the title of the most valuable company in the world with a market cap of $3.52 trillion.

The surge in NVIDIA's stock can be attributed to the massive success of their Blackwell AI GPUs. These GPUs have been driving demand in the AI sector, and their performance has been a key factor in NVIDIA's growth.

As the AI industry continues to expand, NVIDIA's position as a leader in GPU technology remains strong. The company's focus on innovation and its ability to adapt to the rapidly evolving technology landscape have been instrumental in its success.

This record-high stock price reflects the market's confidence in NVIDIA's future prospects and its continued leadership in the AI and GPU markets.