Nvidia (NVDA) tops $5.7 trillion valuation as shares hit intraday record

Nvidia (NVDA) rose more than 4% on May 14, 2026, lifting its market capitalization to a record $5.7 trillion as investors bid up technology shares ahead of the chipmaker’s earnings in the week of May 18, 2026. The rally followed a Reuters report that the U.S. Commerce Department cleared about 10 Chinese companies, including Alibaba (BABA), Tencent (0700.HK), ByteDance and JD.com (JD), to buy Nvidia’s H200 chip. The report said no deliveries have been made, leaving uncertainty over potential China revenue. Treasury Secretary Scott Bessent told CNBC on May 14, 2026, that he had no update on broader access for Nvidia chips in China. Nvidia has excluded China sales guidance from recent quarterly results as U.S. export restrictions limited sales of its most advanced AI chips to Chinese firms. CEO Jensen Huang joined business leaders traveling with President Donald Trump to China for a summit with President Xi Jinping. Nvidia shares are up more than 26% in 2026 and 70% over the past 12 months.