Nvidia shares climbed in premarket trading after the company said demand for its latest AI accelerators reached a new high. The move reflected growing purchases from major cloud providers and enterprise customers expanding their AI infrastructure.

According to Reuters, the semiconductor giant is benefiting from continued investment in data centers and machine learning systems, with buyers racing to secure chips needed for training and running advanced AI models. The latest update added to investor confidence that demand for high-end processors remains strong.

The rally came as the market continued to focus on the scale of corporate spending on artificial intelligence. Nvidia has been one of the biggest winners of that trend, with its chips widely used by firms building large-scale AI tools and services.

Shares were up more than 4% before the opening bell, underscoring how closely investors are tracking the company’s ability to meet demand. The report suggests that AI hardware spending remains a major driver of growth across the technology sector.