Nvidia Stock Surges 20% in Seven Days, Nearing $6 Trillion Market Capitalization

Nvidia Shares Surge, Market Capitalization Nears $6 Trillion

Nvidia Corp. shares rose on Thursday, extending a 20% rally over the past seven days as investors continue to flood into the chipmaker profiting from a surge in investment spending on artificial intelligence. The stock price rose as much as 4.7% to $236.47, significantly increasing its market capitalization.

The advance added more than $900 billion to Nvidia's market capitalization, which is now approaching $6 trillion, a valuation no company has ever reached. This recent performance is the latest reflection of how intensely investors are gravitating toward perceived AI winners, with semiconductors at the epicenter of the trend.

Nvidia has also drawn significant attention this week after Chief Executive Officer Jensen Huang joined President Donald Trump on his visit to China as a last-minute addition. Other semiconductor companies are also experiencing sizable gains, including Intel Corp., Micron Technology Inc., Advanced Micro Devices Inc., and Broadcom Inc.

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The Philadelphia Stock Exchange Semiconductor Index has soared nearly 70% since the end of March, fueling concerns that the stock market is being elevated by an AI bubble that could burst. Nvidia and Micron alone have accounted for more than 30% of the gain in the S&P 500 Index this year, according to data compiled by Bloomberg.

Thursday also saw the initial public offering of AI chipmaker Cerebras Systems Inc., the largest this year. The demand for the IPO was massive, with shares jumping as much as 109% after their debut.