Nvidia Hits Record $5.7 Trillion Valuation Ahead of Earnings

NVIDIA has reached a record $5.7 trillion market capitalization as shares of the artificial intelligence chip giant surged more than 4% to a record high.

Nvidia's market value reaches a record high. (Photo: NVIDIA Asia Pacific Facebook)

Nvidia stock rallied alongside the broader technology sector ahead of the semiconductor company’s earnings report next week, according to a Yahoo Finance report by Ines Ferré.

The gain also followed a Reuters report stating that the U.S. Commerce Department had cleared around 10 Chinese companies to purchase the H200, Nvidia’s second-most-powerful chip.

The report said approved companies included Alibaba, Tencent, ByteDance and JD.com.

However, Reuters — citing sources familiar with the matter — said no deliveries had yet been made, creating uncertainty over potential chip sales between Nvidia and Chinese firms.

In an interview with CNBC, Treasury Secretary Scott Bessent said he had no updates regarding expanded access for Nvidia chips in China.

Nvidia has excluded China sales guidance from its quarterly outlook as Washington continues to restrict exports of its most advanced chips amid the global AI race.