Nvidia Closes In on $6 Trillion Market Value as Stock Returns to Record
The chipmaker would be the first company ever to cross the threshold, and options traders expect it this month.
Nvidia shares climbed back to a record this week, putting the chipmaker on the verge of becoming the first company in history worth $6 trillion.
The stock is up close to 30% so far in 2026, roughly double the S&P 500's gain of about 14% over the same period, according to Bloomberg. CNBC reports that options traders are positioned for Nvidia to cross the $6 trillion mark before the end of October.
What's driving it
Demand for AI data center hardware remains the core story. Nvidia's most recent quarter showed revenue more than doubling year over year, again led by its data center segment, and the company has announced a large share buyback program.
The past week alone brought a string of announcements:
- A $1 billion, five-year commitment to U.S. science research tied to the DOE's Genesis Mission
- A joint push with Microsoft on RTX Spark-powered Windows PCs and AI agents
- The DGX Spark 64GB, a desktop system for developers building local AI
- An expansion of its Halos safety stack from autonomous vehicles to humanoid and warehouse robots
The risks
Not every headline is positive. Former Groq engineers and shareholders have sued in Delaware Chancery Court, alleging that Nvidia's roughly $20 billion deal with Groq shortchanged common stockholders, CNBC reported. Nvidia had not commented at the time of reporting.
Investors will get their next detailed look at demand when big cloud customers Microsoft, Alphabet, Amazon and Meta report third-quarter results later this month.