NVIDIA's Market Cap Tops $5.5 Trillion, the First Company Ever to Cross That Line

On Wednesday, May 13, 2026, NVIDIA's market capitalization passed $5.5 trillion for the first time: the stock rose about 3% intraday, hit a high of $227.84, then pared the gain to close at $225.83, pushing the market cap above $5.5 trillion (Business Insider). The Times of India, reporting the next day, recorded it as the "first-ever company to cross $5.5 trillion market value" and said the move further strengthened its position as the world's most valuable company.

Three things happened that day#

• The stock hit a fresh high and then gave back a little: a high of $227.84 and a close of $225.83.
• Analysts rolled out a fresh batch of bullish calls the same day: Bank of America raised its price target to $320 from $300, implying another 40% rise from Wednesday's record high, and Wells Fargo raised its target to $315 from $265, indicating possible upside of about 38%.
• Bank of America also argued the AI trade will stay "stronger for longer for compute, memory, networking," and expects the AI data center market to reach $1.7 trillion by 2030.

What was behind the record#

The report ties the day's record to two pieces of news: CEO Jensen Huang joining President Trump in Beijing as part of the US delegation at the US-China summit, and building optimism around the company's earnings report on May 20.

Background: the $5 trillion mark#

This was not the first time. On October 29, 2025, Business Insider reported, NVIDIA became the first company ever to reach a $5 trillion market capitalization, at the open that morning.

Our take#

A market cap is a price that discounts expectations, and the $5.5 trillion figure carries no information about current-period results — it records the market's judgment of how long AI compute spending keeps running. That judgment gets tested soon: the May 20 earnings report, and the price targets analysts have already published.