Nvidia Extends Rally to Five Days, Reclaims Top Market Cap Amid Global Trade Concerns
Nvidia shares climbed for a fifth straight trading session on Friday, reaching record highs as investors appeared to set aside concerns about potential disruptions in the company’s business with China, CNBC reports.
The rally has helped the chipmaker regain its position as the world’s most valuable publicly traded company, with a market capitalization of approximately $3.8 trillion.
The recent gains mark a strong recovery for Nvidia, whose stock is up 66% since reaching a 52-week low in early April. The surge places Nvidia ahead of tech giants Microsoft and Apple in market value. Analysts at Wedbush Securities project that Nvidia and Microsoft could both cross the $4 trillion mark this summer and potentially reach $5 trillion within the next 18 months.
The positive momentum comes despite lingering geopolitical risks. Nvidia CEO Jensen Huang has voiced concern over the company’s limited access to the Chinese market, valued at an estimated $50 billion for semiconductors. US export restrictions introduced by the Biden administration and reinforced under President Trump have made it more difficult for Nvidia to sell its advanced chips in China, including the H20 processor designed specifically to comply with earlier export rules.
Speaking at the company’s annual shareholder meeting this week, Huang said Nvidia’s quarterly results would have been stronger if sales to China had not been curtailed. He emphasized the strategic importance of China while also outlining Nvidia’s expanding focus beyond AI.
Huang highlighted robotics as a major long-term growth opportunity, describing a future with “billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories” powered by Nvidia’s hardware. The company’s automotive and robotics business unit generated $567 million in revenue last quarter—representing about 1% of total sales—but executives say they see significant potential ahead.
