Nvidia stock eyes return to record as investment in AI space continues

With questions swirling around Federal Reserve policy, the state of the economy and the US presidential race, at least one thing seems clear on Wall Street: spending on artificial intelligence remains a central priority.

Companies are pouring tens of billions of dollars into building out AI infrastructure and services, making the beneficiaries — notably Nvidia Corp. — close to a sure thing in terms of their growth prospects. The chipmaker’s results next week will provide further clarity on AI demand, and could vault the shares back into record territory.