New Delhi, June 17 -- Nvidia shares rose 2 per cent on Monday on Wall Street, bringing the AI chip leader close to its record high after a strong rebound over the last two months.

The company's momentum remains strong, driven by robust demand for its advanced AI chips from major cloud providers and international markets developing their own national AI infrastructures.

Nvidia shares ended the day at $144.69 on Wall Street, roughly 3% below all-time closing high.

The recent surge follows Nvidia's GTC Paris event held last week in the French capital, where CEO Jensen Huang also made an appearance at the Viva Technology conference.

According to media reports, the company is also facing the consequences of the Trump administration's ban o...