NVIDIA tops $5 trillion valuation
- Nvidia shares closed at a record $208.27 on Friday, April 24, pushing the chip designer’s market capitalization above $5 trillion again as investors bought into artificial-intelligence infrastructure ahead of Big Tech earnings. - The stock rose 4.3% in the session, lifting Nvidia’s market value to about $5.06 trillion; CNBC said it was the first record close since October, while Yahoo Finance pegged an intraday peak near $5.12 trillion. - Nvidia’s scale now dominates benchmarks: it was about 7.78% of the S&P 500 by weight, after fiscal 2026 revenue jumped 65% to $215.9 billion. (slickcharts.com) (investor.nvidia.com)
Nvidia closed at a record $208.27 on Friday, April 24, lifting its market capitalization above $5 trillion again. (cnbc.com 1) (cnbc.com 2) The stock gained 4.3% in the session, and CNBC said it was Nvidia’s first record close since October. Yahoo Finance said the company’s value rose as high as $5.12 trillion intraday. (cnbc.com) (finance.yahoo.com) Friday’s move came as chip stocks rallied after Intel reported better-than-expected earnings late Thursday. Intel surged 24%, while Advanced Micro Devices jumped 14% and Qualcomm climbed 11%. (cnbc.com) Nvidia’s rise is tied to demand for the graphics processing units that train and run artificial-intelligence systems. CNBC said customers include Google, Microsoft, Meta, Amazon, OpenAI and Anthropic. (cnbc.com) The company’s own results show how much that demand has translated into sales. Nvidia reported fiscal 2026 revenue of $215.9 billion, up 65% year over year, with fourth-quarter data-center revenue of $62.3 billion, up 75%. (investor.nvidia.com) (nvidianews.nvidia.com) That size is now reshaping index exposure. SlickCharts, which tracks S&P 500 weights from index data, showed Nvidia at 7.78% of the benchmark, ahead of Apple at 6.12% and Microsoft at 4.85% as of April 24. (slickcharts.com 1) (slickcharts.com 2) S&P Dow Jones Indices says the S&P 500 covers about 80% of available U.S. market capitalization. A company with nearly an 8% weight can move index funds and retirement accounts simply by rising or falling. (spglobal.com) The rally also revived a trade that had wobbled earlier in 2026. Yahoo Finance said Nvidia was down 6.4% through the first three months of the year before rebounding roughly 20% over the past month. (finance.yahoo.com) Nvidia still faces competition from custom chips and rivals including Advanced Micro Devices. CNBC noted that Alphabet has announced new chips that it plans to offer to cloud customers later this year. (cnbc.com) For now, the market is still paying for Nvidia as the core supplier of the artificial-intelligence buildout. Friday’s close above $5 trillion showed how much of that bet is now concentrated in one stock. (cnbc.com) (slickcharts.com)
