Nvidia (NVDA) retook the $5 trillion market cap crown on Friday, according to Yahoo Finance data, as a powerful rally in chip stocks encouraged by Intel (INTC) earnings and a nuclear power deal with Oklo (OKLO) boosted shares.
The stock gained as much as 5.2% in afternoon trading, adding $260 billion in value to the company’s market capitalization, which rose as high as $5.12 trillion.
Nvidia is now worth $1 trillion more in market cap than the second-largest company, Alphabet (GOOG, GOOGL).
If the afternoon’s gains hold, Nvidia is on track to close at a record high. At $209 per share, the stock is just off its all-time intraday high of $212.19, reached on Oct. 29, 2025.
Nvidia did not start the year on a sure footing. Through the first three months of the year, shares of the artificial intelligence leader were down 6.4%.
But April has provided a compelling comeback story. Over the past month, Nvidia stock has risen 20%, helped by the broader rally in semiconductor stocks.
As Yahoo Finance’s Jared Blikre and Brian Sozzi have written, the Philadelphia Semiconductor Index, known as the SOX (^SOX), is on a historic 18-day winning streak, adding tens of billions of dollars in value to companies like Broadcom (AVGO), Taiwan Semiconductor (TSM), Micron (MU), AMD (AMD), Intel (INTC), and Texas Instruments (TXN).
Intel stock notably overtook its record highs reached during the tech bubble on Friday after its earnings report came out late Thursday.
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