Nvidia traded slightly higher after Jensen Huang's CES keynote. Traders are eyeing key economic data later in the week.

Shares of NVIDIA Corp. NVDA rallied 3.43% to $149.43 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.55% to 5,975.38 and the Dow Jones Industrial Average DJIA falling 0.

U.S. stock indexes are rising to recover more of the holiday-season slide that bridged the new year. The S&P 500 was 0.8% higher in early trading Monday and on track for a second straight gain following five straight losses.

Chip stocks surged in intraday trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.

Nvidia Corp.’s stock continued its rally Monday, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.

Nvidia stock closed at a new record Monday as global chip stocks picked up momentum and investors prepared to hear from Nvidia CEO Jensen Huang. The chip giant's stock added 3.4% to $149.43, its first record close since November.