Nvidia approaches $6 trillion market cap as stock hits record high

Nvidia approached a $6 trillion market capitalization on Tuesday as its stock climbed to another all time high, extending a rally that has made the chipmaker the world’s most valuable listed company. Shares rose as much as nearly 2% on Tuesday morning, reaching a record $243.37 before giving up some of those gains. Nvidia remained higher on the day, pushing its market value above $5.8 trillion and closer to a threshold no company has ever reached. Nvidia would need to trade at roughly $249 per share to reach a $6 trillion valuation. The stock has risen about 28% in 2026, adding roughly $1.2 trillion to Nvidia’s market capitalization. Apple, the second largest company by market value, was valued at about $4.86 trillion as of Monday, leaving a gap of roughly $900 billion between the two companies. Nvidia has also contributed more than any other company to the S&P 500’s roughly 14% advance this year, according to Bloomberg data. The rally follows another strong earnings report from Nvidia. The company reported $96.2 billion in fiscal second quarter revenue, up 106% from a year earlier, and forecast third quarter revenue of $108 billion, plus or minus 2%. Nvidia also reported $89 b...