I'm talking about Nvidia (NVDA) , of course, and the question is: Can it help power the S&P 500 to another record high? The answer is yes. In premarket trading shares of the AI-chip giant are trading up nearly 1%.

The chip maker's shares are up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.

US stock futures were steady after another milestone moment from Nvidia (NVDA) helped push the S&P 500 and Nasdaq to new highs. Renewed investor enthusiasm has been felt in the market's standouts, most prominently AI giant Nvidia,

Nvidia ( NVDA 1.80%) remains one of the best artificial intelligence (AI) stocks on the market. But with the chipmaker now trading at a price-to-sales multiple of 26.4, many investors may wonder if shares have gotten too expensive to buy. Don't be fooled: Nvidia stock is still reasonably priced.

NVIDIA’s market value broke a record on Wednesday after dipping in spring amid political uncertainty and chip restrictions.

Nvidia stock has surged 51%, making it the first publicly traded company to briefly surpass a staggering $4 trillion market cap.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Interactive Brokers chief strategist Steve Sosnick characterized the current market as a combination of momentum and fear of missing out (or FOMO), as Nvidia (NVDA) reached a significant milestone while the Nasdaq Composite (COMP:IND) hit record highs.