Nvidia has hit a new record high, hitting a price of $20,280.
Nvidia is the latest company to hit the $20 billion price-to-earnings ratio for the year, after Apple and Microsoft.
Nolan McEvoy, chief executive officer at Nvidia, said the record price was the result of strong earnings growth, particularly in the United States.
The stock has risen to $20 a share from $17.50 a share, according to data from BNP Paribas.
The company has also been outperforming the S&P 500 index of 500 stocks, which was up by more than 30 per cent in the past year.