Nvidia Corp. NVDA, +0.10% shares failed to close at a record high Thursday after the AI-chip maker’s stellar earnings report initially boosted shares past $500 for the first time. Shares rose 0.1% to close at $471.74, after trading as high as $502.66 intraday, but fell short of the record closing high of $474.94 set on July 18, according to FactSet data. The earnings report took chipmakers on a ride Thursday, falling from an initial show of strength following the report. Nvidia shares are up more than 222% on a year-to-date basis, compared with a 37% gain in the PHLX Semiconductor Index SOX, -3.35%, a 14% rise in the S&P 500 SPX, -1.35% and a 29% surge in the tech-heavy Nasdaq Composite COMP, -1.87% over the same span.
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