On May 13, 2026, NVIDIA’s stock price surged 2.3%, marking its sixth consecutive trading day of gains and briefly pushing its market capitalization above $5.5 trillion for the first time—making it the first global company to reach this milestone and surpassing rivals including Microsoft ($4.8 trillion) and Apple ($4.5 trillion). The rally has been driven by explosive demand for AI computing power, better-than-expected financial results, and upward revisions to analyst ratings. Year-to-date, NVIDIA’s stock has jumped 65%, adding over $2.2 trillion to its market value. The core growth driver stems from NVIDIA’s dominant monopoly in AI computing chips: the company controls over 90% of the global high-end AI chip market, with its H100, H200, and H300 series GPUs serving as the foundational hardware for training and inferencing global AI large models. Major cloud providers worldwide continue to ramp up purchases, with orders booked through the end of 2027. In Q1 2026, NVIDIA reported revenue of $42 billion (up 262% YoY) and net income of $18.5 billion (up 315% YoY), with the AI data center business contributing over 80% of total revenue. However, risks are emerging: high valuations (current PE ratio of 125x), intensifying competition from AMD and Intel, and geopolitical risks from U.S. export controls may affect its long-term performance.