Rising technology stocks on Monday are helping U.S. indexes recover more of their holiday-season slide that bridged the new year. The S&P 500 was 0.4% higher in afternoon trading and on track for a second straight gain following five straight losses,

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.

Nvidia (NASDAQ: NVDA) stock hit a new all-time high Monday morning, shaking off its mid-December slump and jumping as much as 5.3%. As of 1:19 p.m. ET, the stock was still up 4.7%. There were a couple of developments that sent the artificial intelligence (AI) chipmaker higher,

Nvidia and Apple are neck and neck in the contest to become the largest U.S. company. The chip maker’s market value briefly surpassed Apple’s in intraday trading Monday, according to Dow Jones Market Data.