Nvidia (NVDA) is within striking distance of its stock's all-time high as it re-approaches this record mark. The chipmaker has risen over 8% in the past five trading sessions, reporting this week that its Blackwell AI chips have already sold out for the next 12 months.

Seana Smith and Madison Mills review the tailwinds for the chip giant since the late summer slump that hit the tech and chip sectors. Additionally, CoreWeave — a Nvidia-backed AI GPU (graphics processing unit) startup — has received a $650 million credit line from major banks like JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), and Morgan Stanley (MS).

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This post was written by Luke Carberry Mogan.