NVIDIA Becomes First Chip Company to Cross $5 Trillion Market Cap

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NVIDIA shares surged 4.3% to a record $208.27 on April 24, pushing market capitalization past $5 trillion for the first time — now $1 trillion more than the second-largest company, Alphabet. The milestone was fueled by Intel's strong earnings sparking broader semiconductor optimism and sustained AI chip demand from data centers and cloud providers. NVIDIA is up more than 14-fold since end of 2022.