Nvidia’s stock rises toward a record 11-day win streak

Shares of Nvidia Corp.
NVDA,
+2.13%
kept rising further into record territory Wednesday, as they climbed 1% toward a record-long win streak in premarket trading. The semiconductor and artificial intelligence play’s stock was headed for an 11th-straight gain, which would break the record of 10-straight gains that ended on Dec. 27, 2016. The stock had soared 21.8% over the past 10 sessions to close Tuesday at a record $496.56. Nvidia is scheduled to report third-quarter results on Nov. 21, after the closing bell. The stock has rocketed 239.8% year to date through Tuesday, which currently makes it the S&P 500’s best performer this year, and puts it on track to have its best year since the record 308.4% surge in 2001. In comparison, the PHLX Semiconductor Index
SOX,
+3.62%
has rallied 45.6% year to date and the S&P 500
SPX,
+1.91%
has advanced 17.1%.