Nvidia Nears $6 Trillion Valuation as Stock Hits New High
Nvidia approached a $6 trillion market capitalization on Tuesday, with its stock climbing to another all-time high and extending a rally that has already made the chipmaker the world’s most valuable listed company.
Stock Surge and Market Dominance
Shares rose as much as nearly 2% on Tuesday morning, reaching a record $243.37 before paring some gains. Nvidia remained higher on the day, pushing its market value above $5.8 trillion and inching closer to a valuation milestone no company has previously achieved. To reach $6 trillion, Nvidia’s stock would need to trade at approximately $249 per share.
The company’s stock has surged about 28% in 2026, adding roughly $1.2 trillion to its market capitalization. Apple, the second-largest company by market value, was valued at about $4.86 trillion as of Monday, creating a gap of approximately $900 billion between the two tech giants. Nvidia has also been the single largest contributor to the S&P 500’s roughly 14% advance this year, according to Bloomberg data.
Strong Earnings Fueling Growth
This remarkable rally follows another robust earnings report from Nvidia. The company announced $96.2 billion in fiscal second-quarter revenue, a 106% increase from the previous year. It forecast third-quarter revenue between $108 billion, with a 2% margin of error. Data center revenue for the quarter reached $89 billion, up 117% year-over-year.
Adding further momentum, Nvidia’s board authorized an additional $150 billion for its share repurchase program in late September, bringing the total remaining authorization to $235 billion. The company anticipates completing this program by fiscal 2028.
“This authorization reflects our confidence in the long term opportunity ahead,” said Nvidia CEO Jensen Huang. Huang has characterized Nvidia as “the world’s first and only growth value stock,” asserting that the company merges rapid expansion with a valuation that remains comparatively modest against its historical performance.
Reversal of Fortune and Shifting Sentiment
The current surge marks a significant turnaround from earlier in the year. As of March 30, Nvidia shares were down approximately 11% for 2026, a period when investors expressed skepticism about the potential returns from substantial investments in AI infrastructure.
Investor sentiment has since shifted dramatically, buoyed by continued spending on AI infrastructure and Nvidia’s sustained strong revenue outlook.
Expanding Beyond Chip Sales
Nvidia’s expanding influence now extends beyond its core chip manufacturing business. As of July 26, the company’s equity investments in AI firms had reached $99 billion, a substantial increase from roughly $7 billion a year prior. In 2026 alone, Nvidia has committed over $40 billion to investments across frontier AI laboratories, infrastructure providers, and other entities within the AI ecosystem.
In September, the chipmaker also announced its agreement to acquire the open-source AI platform Hugging Face for approximately $12.9 billion. This transaction includes roughly $11.9 billion for shareholders and up to $1 billion in equity-based retention awards, with the deal slated to close in the first half of 2027.
Nvidia’s Presence in Crypto Markets
Nvidia’s ascent has also increasingly intersected with cryptocurrency markets, coinciding with the growth of tokenized stocks on the blockchain. As the world’s largest company by market capitalization, Nvidia is now represented by several tokenized equity issuers, enabling eligible investors to gain exposure to its shares through blockchain-based assets.
xStocks offers Nvidia as NVDAx, a token directly backed by underlying Nvidia shares held in custody. Ondo Finance provides Nvidia exposure through NVDAon, a token fully backed by underlying shares and cash in transit, available across networks including Ethereum, Solana, and BNB Chain.
Other platforms have also brought Nvidia onto the blockchain. Coinbase offers NVDAc via its tokenized stocks platform on Base. Robinhood Europe provides its own NVDA Stock Token, though its structure differs as it operates as a derivative contract that tracks Nvidia shares rather than representing ownership of the underlying stock.
