NVIDIA Surges 20% in Seven Days, Market Cap Approaches $6 Trillion Milestone!
On Thursday, NVIDIA's stock price rose as much as 4.7% to $236.47, adding over $900 billion to its market capitalization and bringing it closer to the $6 trillion threshold, a valuation height no company has ever reached to date
NVIDIA's stock continued to rise on Thursday, extending its gains over the past seven trading sessions, during which it climbed 20%, highlighting the sustained influx of investors into chip stocks benefiting from massive capital expenditures in artificial intelligence.
On Thursday, NVIDIA's stock price rose as much as 4.7% to $236.47, adding over $900 billion to its market capitalization and bringing it closer to the $6 trillion threshold, a valuation height no company has ever reached to date.
This rally is the latest manifestation of the trend where investors are concentrating their bets on AI winners, with semiconductors at the core of this wave. This week, NVIDIA CEO Jensen Huang joined U.S. President Trump's delegation to China in a "last-minute addition."
The Philadelphia Semiconductor Index has surged nearly 70% since the end of March, with companies such as Intel, Micron Technology, Advanced Micro Devices (AMD), and Broadcom seeing substantial gains in their stock prices.
However, such a large-scale rally has also sparked concerns among some market participants who believe the U.S. stock market is being driven higher by an AI bubble that could burst at any time. According to data compiled by Bloomberg, NVIDIA and Micron alone have contributed more than 30% of the S&P 500's gains so far this year.
Thursday also saw the IPO of AI chipmaker Cerebras Systems, the largest IPO of the year so far. Demand was extremely strong, with the stock soaring as much as 109% after its listing.
