Nvidia (NVDA) hits record $5.5 trillion market value despite China revenue pressure

Nvidia Corp. (NVDA) briefly rose nearly 3% on Wednesday, May 13, 2026, becoming the first company to reach a $5.5 trillion market value, despite U.S. export controls that have effectively reduced its China revenue to zero. The milestone reflects investor confidence that demand for AI training and inference hardware from hyperscalers, enterprises and sovereign AI projects can offset geopolitical pressure in what was once a major data center market for Nvidia. Bank of America raised its 2030 total addressable market estimate for AI data center systems to $1.7 trillion from $1.4 trillion, according to TheFly. The bank said Nvidia’s AI-related sales and return on investment could accelerate in 2026, with further efficiency gains expected in 2027 as new compute and memory architectures expand. Nvidia has also announced partnerships with Corning to expand U.S. optical connectivity capacity tenfold and with IREN to deploy up to 5 gigawatts of Nvidia DSX-compatible AI infrastructure across IREN’s data centers.