Stock Market Today, April 24: Nvidia Surges on Soaring AI Chip Demand
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By Howard Smith – Apr 24, 2026 at 5:01PM ESTExpandNASDAQ: NVDANvidiaToday's Change(4.30%) $8.60Current Price$208.24Key Data PointsMarket Cap$4.9TDay's Range$199.82 - $210.9452wk Range$104.08 - $212.19Volume8MAvg Vol173MGross Margin71.07%Dividend Yield0.02%Nvidia (NVDA +4.30%), a leader in GPUs for data centers, automotive, and gaming, closed Friday at $208.27, up 4.32%. The stock moved higher as investors responded to surging global AI chip demand, fresh all‑time highs, and broader semiconductor strength. The focus will soon shift to next month’s earnings for confirmation of triple‑digit profit growth expectations.Trading volume reached 192.5 million shares, coming in nearly 12% above its three-month average of 172.5 million shares. Nvidia IPO'd in 1999 and has grown 507,423% since going public.How the markets moved todayThe S&P 500 (^GSPC +0.80%) rose 0.79% to 7,164, while the Nasdaq Composite (^IXIC +1.63%) gained 1.63% to finish at 24,837. Among semiconductors, industry peers Advanced Micro Devices (AMD +13.91%) closed at $347.77 (+13.90%) and Intel (INTC +23.60%) finished at $82.57 (+23.64%) as enthusiasm for AI chips powered sector-wide gains.What this means for investorsIntel's robust first-quarter earnings and the CEO's optimistic outlook on CPU demand lifted chip sector stocks on Friday. Nvidia closed at a record high bringing its valuation above $5 trillion. AI semiconductor demand doesn’t appear to be easing, and Nvidia’s platforms and GPU architecture play a key role in that ecosystem. Nvidia is expected to report fiscal first-quarter 2027 earnings on May 20, and investors already expect triple-digit year-over-year earnings growth. That’s partly because the company took a $4.5 billion inventory charge related to new U.S. export restrictions on chips sold to China in the year-ago period.Strong guidance from the company also calls for about 77% revenue growth, though, helping to support Nvidia’s rising share price.Read NextApr 24, 2026 •By Rich SmithWhy Nvidia Stock Popped TodayApr 24, 2026 •By Rick OrfordNvidia's Next Move Could Pave the Way to $300Apr 24, 2026 •By Daniel SparksNvidia Reports Earnings Next Month. Here's Why I'm Not Buying the Stock Before the Report.Apr 24, 2026 •By Micah ZimmermanThe Iran War May End Soon. The Damage to the Artificial Intelligence (AI) Chip Supply Chain Has Already Been Done.Apr 23, 2026 •By Harsh ChauhanPrediction: The Nasdaq Could Soar to 30,000 by 2027. These Are the Best Artificial Intelligence (AI) Growth Stocks to Own Until Then.Apr 23, 2026 •By Danny Vena, CPANvidia Just Deployed the Nuclear OptionAbout the AuthorHoward Smith is a contributing Motley Fool stock market analyst covering technology and industrial stocks. Prior to The Motley Fool, Howard spent nearly 30 years supervising quality and operations in the steel industry, mostly with leading steel company Nucor. He holds a bachelor’s degree in metallurgical engineering from Lafayette College and a master’s degree in environmental engineering from Johns Hopkins University.TMFBuilt2LastStocks MentionedNvidiaNASDAQ: NVDA$208.24(+4.30%)+$8.60Advanced Micro DevicesNASDAQ: AMD$347.61(+13.85%)+$42.28IntelNASDAQ: INTC$82.36(+23.33%)+$15.58*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.