Nvidia becomes first-ever company to cross $5.5 trillion market value as analysts issued a ‘stock warning’ for May 21
Nvidia crossed a market value of $5.5 trillion on Wednesday, May 13 after its shares rose around 3% in afternoon trading, further strengthening its position as the world’s most valuable company. The rally came as Nvidia CEO Jensen Huang was traveling with US President Donald Trump to China ahead of meetings with Chinese President Xi Jinping. Nvidia’s latest gains pushed the company further ahead of rivals including Google and Apple in global market value rankings.
Nvidia shares have risen nearly 20% over the past month, touching the $220 level this week. Earlier this year, on March 30, the stock had fallen to a low of $165.17 per share.
