According to PANews, Nvidia extended its rally from an earlier move above $220 to a new all-time high of $227.16, lifting the chipmaker’s market capitalization from a brief $5.3 trillion milestone to above $5.5 trillion.
Nvidia shares extended their advance from an earlier intraday move above $220 on May 11 to a new record of $227.16 reported on May 13, according to PANews and earlier Bybit market data. The rally first briefly pushed Nvidia’s market capitalization to $5.3 trillion, then above $5.5 trillion as the stock reached fresh all-time highs. Earlier data also indicated the shares were up 1.8% after the U.S. market open during the May 11 move. The newer report frames the rise as a continuation of Nvidia’s advance, while the earlier report did not identify a specific catalyst. PANews adds that investors have been closely watching demand tied to artificial intelligence infrastructure and related technology spending.