New Delhi, Oct. 3 -- Nvidia is back in the spotlight after a sharp recovery from a brutal two-month sell-off that erased more than $1 trillion from the world's most valuable company's market capitalisation.

The chipmaker's shares surged as much as 3% on Friday, briefly touching an intraday record high of $237.88 per share on NASDAQ, before paring gains and ending 1.3% higher at $233.95.

The latest rally has taken Nvidia shares about 23% higher from their late-July low, when concerns around the outlook for artificial intelligence weighed heavily on the stock. Friday's move also brought the shares close to their previous record high from May, although they ultimately finished just below that level.

The tech stock also soared 45% from its...