Nvidia stock closes at record, pushing market cap past $5 trillion

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TLDR

  • Nvidia closed at $208.27 on April 24, a record high since October, lifting its market cap past $5 trillion.

Key Facts

  • The stock rose 4.3% Friday, its first record close since October 2024.
  • Intel’s better-than-expected earnings sparked the broader chip rally; Intel shares spiked 24%, their best day since 1987.
  • AMD jumped 14% and Qualcomm climbed 11% in the same session.
  • Nvidia is up more than 14-fold since the end of 2022.

Why It Matters

  • The rally came ahead of earnings reports from hyperscalers Google, Microsoft, Meta, and Amazon, all major Nvidia customers.
  • The Nasdaq is up 15% in April, on pace for its best month since April 2020.

Jordan Novet / CNBC · 2026-04-24 · Read the original