Foxconn earnings offer upbeat signs about the Blackwell ramp, and Nvidia CEO Jensen Huang’s upcoming CEO keynote could further support the semiconductor sector.

Nvidia shares climbed to close at an all-time high Monday after supplier Foxconn reported record fourth-quarter revenue, and ahead of a keynote address from Nvidia CEO Jensen Huang at a major consumer electronics show.

Stocks popped to start the first full week of 2025, as investors eyed technology innovations and a report circulated that the incoming presidential administration might scale back tariff plans. The broad S&P 500 index rose 1.

Nvidia and Apple are neck and neck in the contest to become the largest U.S. company. The chip maker’s market value briefly surpassed Apple’s in intraday trading Monday, according to Dow Jones Market Data.

Nvidia (NASDAQ: NVDA) stock hit a new all-time high Monday morning, shaking off its mid-December slump and jumping as much as 5.3%. As of 1:19 p.m. ET, the stock was still up 4.7%. There were a couple of developments that sent the artificial intelligence (AI) chipmaker higher,

Global semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.