Nvidia sets new record with nearly $5.3 trillion valuation
Nvidia sets new record with nearly $5.3 trillion valuation
Publish Date: 2026-04-27 19:26:00
Source Domain: www.forbes.com.au
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Nvidia’s Market Cap Milestone: On April 28, 2026, Nvidia recorded its highest ever market capitalisation, reaching nearly $5.3 trillion, marking a 4% spike in its share price and surpassing Apple and Google in value.
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Surging Stock Performance: In the last five years, Nvidia’s stock price has grown approximately 1,300%, a roughly 14-fold increase since 2021. The company’s shares closed strongly on Monday and continue to trade high.
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CEO Wealth Increase: Jensen Huang, CEO of Nvidia, saw a significant increase in net worth, rising by $7.1 billion on Monday alone, placing him among the top seven wealthiest individuals globally, with an estimated net worth of $187.1 billion.
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Strategic Partnerships and Deals: Nvidia’s strategic partnership with Qualcomm, as well as significant contracts with firms like Apple, have driven its growth. Additionally, a new deal with Qualcomm and OpenAI to create smartphone processing chips indicates continued robust demand.
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Robust Financial Performance: Nvidia’s recent quarterly result showed over $68 billion in sales, a 73% year-over-year increase, primarily driven by surging data center and AI infrastructure revenues.
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Sector Influence: Nvidia’s success highlights the growing demand for artificial intelligence infrastructure, with cloud providers like Amazon heavily investing in AI, benefiting Nvidia’s stock performance.
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Compared to Industry Peers: Amid lagging shares from major tech firms like Microsoft, Tesla, and Apple, Nvidia stands out as one of the few companies in the so-called “Magnificent Seven” with positive stock gains in 2026.
