Nvidia rises, eyes record as chip stocks advance
** Shares of AI darling Nvidia NVDA.O rise as much as 3.6% to $139.60 on Mon and on track for record high close as chip stocks outperform
** NVDA last up 3% at $138.89 and within spitting distance of stock's intraday all-time peak of $140.76 achieved in Jun
** Stock adding to last week's 7.9% rally and now up ~180% YTD
** Goldman Sachs, which rates NVDA 'buy", boosted its PT late Fri by $15 to $150, inline with Wall Street median, per LSEG data
** Meanwhile, semiconductor index .SOX last up 1.3% on the session, hits over 2-month high, as S&P 500 .SPX rises 0.7%
** Top SOX performer are U.S.-listed shares of British chip designer Arm Holdings ARM.O, up 4.3%
** Other top gainers include chip-making equipment makers Applied Materials AMAT.O, Lam Research LRCX.O and KLA Corp KLAC.O, all up between 2.4%-4%
** Micron Technology MU.O up ~1%, Marvel Technology MRVL.O up 4%
** On the flip side, Advanced Micro AMD.O and Intel INTC.O edging down less than 1%
** Including moves on Mon, SOX now up ~29% YTD vs SPX's roughly 23% advance
**
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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