Nvidia (NVDA) Stock Rises 4% to Record High as Market Cap Surpasses $5 Trillion

TLDR

• Nvidia’s stock closed at an all-time high on Friday, its first since October, after climbing 4.3% to $208.27.
• Its market capitalization exceeded $5 trillion, cementing its status as the world’s most valuable public company.
• A surge in Intel’s shares — up 24% for its best day since 1987 following strong earnings — ignited a rally across chip stocks.
• AMD advanced 14% and Qualcomm increased 11% on the same day.
• 42 Wall Street analysts maintain a consensus Strong Buy rating on NVDA, with an average price target of $273.57.

(SeaPRwire) –   Nvidia reached a record closing price on Friday, April 24, marking its first new high since October. The share price increased by 4.3% to $208.27, driving its market value above the $5 trillion threshold.

NVIDIA Corporation, NVDA

This achievement once again positions Nvidia as the globe’s most valuable publicly traded company.

The day’s rally was catalyzed by Intel’s earnings report, which was released after Thursday’s market close. Intel’s results surpassed forecasts, propelling its stock 24% higher on Friday — its strongest one-day gain since 1987.

This performance buoyed the wider semiconductor industry. AMD’s stock added 14%, while Qualcomm’s rose 11%.

Nvidia initially surpassed a $5 trillion market cap on October 29, 2025. It had first reached $4 trillion earlier on July 9, 2025 — less than a year prior.

The company’s market capitalization first crossed the $1 trillion mark just three years ago, illustrating a remarkably rapid growth trajectory.

Nasdaq Eyes Best Month Since April 2020

The Nasdaq Composite has risen 15% in April, positioning it for its best monthly showing in six years. Major technology stocks have regained investor interest following a retreat caused by climbing oil prices associated with the Iran conflict and ensuing supply chain worries.

NVDA’s stock has surged more than 14 times since the close of 2022. In just the last month, the shares have appreciated close to 20%.

Investors are returning to growth-oriented stocks, as demand for AI infrastructure continues unabated. Nvidia’s GPUs are still the preferred hardware for major firms including Google, Microsoft, Meta, Amazon, OpenAI, and Anthropic.

Competition Is Growing

Alphabet, a key Nvidia customer, has unveiled new proprietary chips designed to compete with Nvidia’s offerings once they are released to cloud clients later this year.

Nevertheless, Wall Street sentiment remains positive. Among the 42 analysts covering Nvidia, 40 recommend Buy, one advises Hold, and one recommends Sell.

The consensus price target is $273.57, suggesting approximately 31% potential growth from Friday’s closing price.