Nvidia shares surged 6% this week, reclaiming a $5 trillion valuation as investor Cathie Wood added to her position.
Nvidia (NVDA) stock climbed Tuesday, extending a seven-day winning streak and pushing its market capitalization back to $5 trillion. Shares rose 6% to start the week, adding to a 6% gain in May and reaching a new all-time high.
The rally follows a strong earnings report and growing demand for AI chips. Analysts cite robust data center growth and partnerships as key drivers. Cathie Wood’s ARK Invest purchased 300,017 shares on Monday, signaling continued institutional interest.
Marvell Technology (MRVL) also surged after Nvidia endorsed its products, highlighting broader sector momentum.