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 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.