NVIDIA tops $5 trillion market cap
- Nvidia shares closed at a record $216.83 on April 27, lifting the chipmaker's market value to about $5.26 trillion, extending last week's breakout. - The stock had already crossed $5 trillion with a $208.27 close on April 24, after a 4.3% jump added more than $200 billion. - The rally is riding investor bets on hyperscaler AI spending ahead of earnings this week. (reuters.com)
Nvidia closed at a record $216.83 on Monday, April 27, pushing its market capitalization to about $5.26 trillion. (tradingkey.com) (stockanalysis.com) That move extended a breakout from Friday, April 24, when Nvidia rose 4.3% to $208.27 and finished above $5 trillion for the first time. (cnbc.com) Reuters reported on April 28 that investors are now looking to quarterly results from Alphabet, Microsoft, Meta and Amazon for evidence that heavy artificial intelligence spending is still translating into growth. (reuters.com) Those four companies are expected to spend roughly $635 billion to $665 billion in their 2026 fiscal years, according to estimates cited by Yahoo Finance, and Nvidia sits in the middle of that buildout as the main supplier of AI chips and systems. (finance.yahoo.com) Nvidia's business has been reshaped by that demand. In its fiscal 2025 annual report, the company said it launched the Blackwell architecture and began shipping production Blackwell systems in the fourth quarter. (investor.nvidia.com) (sec.gov) The same filing said revenue growth in fiscal 2025 was driven by data center compute and networking platforms for accelerated computing and artificial intelligence solutions. (investor.nvidia.com) (publicnow.com) By August 2025, Nvidia reported quarterly revenue of $46.7 billion and said Blackwell data center revenue grew 17% sequentially, showing that the new product cycle was already feeding sales. (sec.gov) The stock's climb has also widened Nvidia's lead over other megacaps. Forbes said Monday's $5.26 trillion valuation left it well ahead of Alphabet at about $4.2 trillion and Apple at about $3.9 trillion. (forbes.com) The next test is whether this week's results from the biggest cloud companies show enough demand, revenue and profit to support another round of AI infrastructure spending. (reuters.com)
