Overview
- Nvidia's market value crossed about $5.1 trillion as shares traded near $208 to $215, putting it roughly on par with AMD, Intel, TSMC, ASML, Micron and SK Hynix combined.
- The jump is tied to heavy orders for Nvidia's AI accelerators from cloud giants building new data centers.
- Chip peers also rallied, with AMD reaching about $354 and Intel near $87 in late April trading.
- Major customers like Google, Microsoft, Meta and Amazon are developing their own chips, which analysts warn could weaken Nvidia's long-term hold on AI hardware.
- Markets now await results from Amazon, Meta, Microsoft and Alphabet this week, with Nvidia set to report quarterly numbers on May 20.