Nvidia Stock Hits Record High, Nears $5 Trillion Market Value
Nvidia's stock surged 5% to close at $201.03, pushing its market capitalization to $4.89 trillion—inches away from becoming the first company to breach the $5 trillion threshold. The rally followed CEO Jensen Huang's keynote at the GTC conference, where he unveiled U.S. manufacturing expansions and strategic partnerships.
Blackwell AI processors are now in production at Arizona facilities, with additional construction underway in Texas and Virginia. Huang framed the MOVE as a response to national security concerns and economic growth priorities set by President Trump. The Washington, D.C. conference location underscored Nvidia's central role in the U.S. AI dominance push.
Investors drove the stock to an intraday high of $203.15 as announcements spanned telecommunications, autonomous vehicles, and government contracts—signaling sustained momentum for Nvidia's AI-driven growth.
