Nvidia has regained its position as a $5 trillion market cap powerhouse, with shares surging dramatically on Friday, buoyed by a rally in chip stocks and bolstered by favorable earnings from Intel as well as a significant nuclear power deal involving Oklo. The company’s stock experienced a gain of up to 4.2%, translating to an increase of over $200 billion in its market valuation, which peaked at $5.12 trillion during trading.
In this latest market surge, Nvidia has surpassed Alphabet, its closest competitor, by a staggering $1 trillion in market cap. The tech giant achieved a record closing high at $208 per share, nearing its all-time intraday peak of $212.19, reached back in October 2025.
Nvidia’s journey to this milestone has not been without its challenges. The company commenced the year on shaky ground, seeing its shares dip by 6.4% in the first quarter. However, April marked a turnaround, with the stock soaring by 20% in just one month, largely influenced by a broader upswing in semiconductor stocks.
The Philadelphia Semiconductor Index, known as the SOX, has been on a remarkable 18-day winning streak, significantly benefiting companies within the sector such as Broadcom, Taiwan Semiconductor Manufacturing Company, Micron, AMD, Intel, and Texas Instruments. Notably, Intel’s stock surged past its previous all-time highs achieved during the tech bubble, following the release of an impressive earnings report on Thursday.
This surge in the semiconductor sector underscores the growing confidence among investors as the industry adapts and positions itself for future growth, driven by advances in artificial intelligence and other emerging technologies. The optimistic outlook in this pivotal sector has had a ripple effect across other tech companies, further solidifying Nvidia’s leading role in the market.
