Nvidia Corp’s market value surged to $5.5 trillion, making it the world’s second-most valuable asset after gold and pushing past silver in global rankings. The shift came as the company’s stock climbed sharply ahead of its closely watched quarterly results, attracting strong investor focus.
The chipmaker’s share price advanced around 67% over the past year and ended at $225.83 on Wednesday, according to companiesmarketcap.com. Nvidia’s market capitalization now stands at $5.48 trillion, overtaking silver, which has a total value of $4.944 trillion. Silver prices hovered near $87 per ounce after rising roughly 168% in the past year, driven primarily by elevated industrial use rather than rate-cut expectations.
In comparison, Google holds a $4.834 trillion market capitalization, just behind silver. Gold continues to lead the global asset rankings with a total value of $32.729 trillion, reflecting a 47% increase over the previous year and spot prices at about $4,700 per ounce.
Nvidia’s rise is underpinned by persistent growth in artificial intelligence infrastructure and a demand for compute capabilities that currently surpass supply. The company’s position as a premier provider of graphics processing units has bolstered its standing in markets defined by advances in AI technology.
Investor attention intensified as Nvidia shares further strengthened ahead of Thursday trading by more than 2%. The move followed reports that U.S. authorities have permitted approximately ten firms based in China—including Alibaba, Tencent, ByteDance, and JD.com—to purchase Nvidia’s H200 AI chips.
