TLDR
- Nvidia closed at a record high on Friday for the first time since October, rising 4.3% to $208.27
- Market cap crossed $5 trillion, making it the world’s most valuable publicly traded company
- Intel’s blowout earnings — its best day since 1987, up 24% — sparked a broad chipmaker rally
- AMD jumped 14% and Qualcomm climbed 11% on the same day
- 42 Wall Street analysts hold a consensus Strong Buy on NVDA, with an average price target of $273.57
Nvidia closed at a record high Friday, April 24, for the first time since October. The stock rose 4.3% to $208.27, pushing its market cap past $5 trillion.
That makes Nvidia the world’s most valuable publicly traded company — again.
The day’s move was triggered by Intel’s earnings report, released Thursday after the bell. Intel beat expectations, sending its stock up 24% on Friday — its best single-day performance since 1987.
That result lifted the broader chip sector. AMD gained 14% and Qualcomm rose 11%.
Nvidia first crossed the $5 trillion market cap line on October 29, 2025. It had previously hit $4 trillion on July 9, 2025 — less than a year ago.
It was just three years ago that Nvidia’s market cap first crossed $1 trillion. The pace of growth has been steep.
Nasdaq Eyes Best Month Since April 2020
The Nasdaq is now up 15% in April, on track for its strongest monthly performance in six years. Large-cap tech names have come back into favor after a pullback driven by rising oil prices linked to the Iran war and related supply chain concerns.
NVDA is up more than 14-fold since the end of 2022. Over the past month alone, the stock has climbed nearly 20%.
Investors have been moving back into growth names, with AI infrastructure demand showing no slowdown. Nvidia’s GPUs remain the go-to hardware for Google, Microsoft, Meta, Amazon, OpenAI, and Anthropic.
Competition Is Growing
Alphabet, one of Nvidia’s largest customers, announced new custom chips that will compete with Nvidia’s products when they become available to cloud customers later this year.
Despite that, Wall Street remains bullish. Of 42 analysts covering the stock, 40 have a Buy rating, one has a Hold, and one has a Sell.
The average price target sits at $273.57 — implying about 31% upside from Friday’s close.
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