Nvidia (NVDA) reclaimed the $5 trillion market cap crown on Friday, according to data from Yahoo Finance, as a powerful rally in chip stocks buoyed by earnings from Intel (INTC) and a nuclear power deal with Oklo (OKLO) boosted shares.
Shares gained as much as 5.2% in afternoon trading, adding $260 billion in value to the company’s market capitalization, which rose to $5.12 trillion.
Nvidia is now worth $1 trillion more in market cap than the second-largest company, Alphabet (GOOG, GOOGL).
If the afternoon gains hold, Nvidia is on track to close at a record high. At $209 per share, the stock is just below its all-time intraday high of $212.19, reached on October 29, 2025.
Nvidia did not start the year on a good foot. During the first three months of the year, shares of the leader in artificial intelligence fell 6.4%.
But April has provided a compelling comeback story. Over the past month, Nvidia shares are up 20%, helped by the broader rally in semiconductor stocks.
As Yahoo Finance’s Jared Blikre and Brian Sozzi wrote, the Philadelphia Semiconductor Index, known as SOX (^SOX), is on a historic 18-day winning streak, adding tens of billions of dollars in value to companies like Broadcom (AVGO), Taiwan Semiconductor (TSM), Micron (MU), AMD (AMD), Intel (INTC), and Texas Instruments (TXN).
Intel stock notably surpassed its all-time highs reached during the tech bubble on Friday after its earnings report was released Thursday evening.
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