US EditionNvidia Tops $5 Trillion Market Cap As AI Boom Lifts Intel, AMD And Chip Stocks: 'Own It, Don't Trade It,'
The stock rose 4.3% to $208.27 as investors bought AI chip shares ahead of earnings from major cloud companies.
- Nvidia Corp. shares rose 4.32% to $208.27 on Friday, pushing the chip designer's market capitalization above $5 trillion and marking its first record close since October.
- Friday's broad semiconductor rally was sparked by better-than-expected earnings from Intel Corp., which helped reignite investor enthusiasm for AI-driven infrastructure across the sector.
- Trading volume reached 192.5 million shares, nearly 12% above the three-month average, while Nvidia is responsible for about 20% of the S&P 500 Index's 4.7% rise this year.
- Paul Nolte, market strategist at Murphy & Sylvest Wealth Management, remains optimistic about Nvidia's prospects as Wall Street awaits quarterly results from Microsoft Corp. and Amazon.com Inc.
- Investors focus on fiscal first-quarter 2027 earnings expected May 20, anticipating triple-digit profit growth, even as Alphabet Inc. develops in-house chips to reduce reliance on Nvidia hardware.
12 Articles
12 Articles
Stock Market Today, April 24: Nvidia Surges on Soaring AI Chip Demand
Nvidia (NASDAQ:NVDA), a leader in GPUs for data centers, automotive, and gaming, closed Friday at $208.27, up 4.32%. The stock moved higher as investors responded to surging global AI chip demand, fresh all‑time highs, and broader semiconductor strength. The focus will soon shift to next month’s earnings for confirmation of triple‑digit profit growth expectations.Trading volume reached 192.5 million shares, coming in nearly 12% above its three-m…
Nvidia regained market value of US$5 trillion after its shares advanced to record level on Friday (24), in the middle of a chip company rally inspired by Intel's gains. Nvidia rose 4.2% during Friday and added more than US$200 billion in value to the company, leading the ranking as the most valuable company, according to the companymarketcap website. The ranking of the largest companies in market capitalization still brings Alphabet, Apple, Micr…
Nvidia stock hits record high after AI rally, market cap crosses $5 trillion
New Delhi: Shares of Nvidia Corporation surged to a fresh record on Friday, signalling renewed strength in the artificial intelligence (AI) chip leader. The stock rose by 4.3 per cent to $208.26, and the stock surpassed a high point that it had been stuck at since October and came out of months of trade stagnation. The rally also indicates the increasing investor confidence, as the demand on AI infrastructure is still increasing. The recent acqu…
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