Nvidia Stock Rallies Over 4% to All-Time High, Hits $5.7 Trillion Value on China Chip Export Approval

Nvidia Stock is back at the center of the AI market story after a sharp record-setting rally. On May 15, 2026, Nvidia opened at $235.74, after jumping 4.4% the prior session and touching an intraday record of $236.54. That move pushed its market value near $5.7 trillion, with live market data showing about $5.77 trillion in capitalization.

The 52-week range now stands between $129.16 and $236.54, showing how fast AI demand has reset expectations around the company. The latest rally followed U.S. approval for roughly 10 Chinese companies to buy Nvidia’s H200 AI chips.

Still, no deliveries had occurred yet, which keeps the China story important but unfinished. Strong earnings, record data center demand, and export-rule optimism now shape the main market narrative around Nvidia Stock.

Nvidia Stock Hits Historic Value After H200 Export Approval

Nvidia Stock climbed because the market saw a possible reopening of a major AI chip market. The U.S. cleared around 10 Chinese companies, including Alibaba, Tencent, and ByteDance, to buy H200 chips. However, the same report said no deliveries had been made so far. U.S. Trade Representative Jamieson Greer also said chip export controls were not a major topic in Beijing talks, so the breakthrough remains limited.

That detail matters because Nvidia’s China opportunity is large but politically sensitive. CEO Jensen Huang joined President Donald Trump’s Beijing delegation during the two-day state visit ending Friday. Analysts viewed that presence as a positive signal, but policy remains cautious.

Key market points:

• Nvidia reached a historic $5.7 trillion valuation milestone.
• Shares jumped 4.4% and hit $236.54 intraday.
• H200 sales were approved for around 10 Chinese firms.
• No H200 deliveries had happened as of the latest reports.
• China access remains a major growth question.

Earnings Strength Supports the Rally

Nvidia Stock also has strong financial data behind the latest move. On February 25, 2026, Nvidia reported record quarterly revenue of $68.13 billion, up 73% from a year earlier and up 20% from the prior quarter. Data center revenue reached $62.3 billion, rising 75% year over year. Full-year fiscal 2026 revenue hit $215.9 billion, up 65%, showing how dominant AI infrastructure became for the company.

Profitability also remained exceptional. Nvidia posted non-GAAP diluted EPS of $1.62, while GAAP diluted EPS reached $1.76. Gross margin came in at 75.0% on a GAAP basis and 75.2% on a non-GAAP basis. The company also paid a quarterly dividend of $0.01 per share on April 1, 2026.

• Opening price: $235.74
• Intraday record: $236.54
• Market cap: $5.7 trillion
• Q4 FY2026 revenue: $68.13 billion
• Revenue growth: 73% year over year
• Data center revenue: $62.3 billion
• Non-GAAP EPS: $1.62
• Full-year revenue: $215.9 billion

Valuation Signals Show a Mixed Picture

Nvidia Stock now trades at a premium, but valuation models do not all agree. GuruFocus data cited a current market price near $235.18 and a GF Value of $323.69, suggesting the stock was 27.3% undervalued by that model. It also listed an average analyst target price of $275.69. However, market-data screens showed a P/E near 57.78, while other valuation data placed trailing P/E closer to 48.

This gap shows why readers should separate valuation math from business momentum. Nvidia’s five-year median P/E was listed around 61.41, so a near-48 multiple can look lower by historical standards. Yet the company is already massive, and every new trillion dollars needs enormous revenue support.

Global Markets React Unevenly

Nvidia Stock helped lift U.S. markets, with the S&P 500 and Nasdaq Composite reaching fresh record highs after the AI-led rally. Nvidia’s 4.4% move was a key part of the broader tech advance. The rally also helped semiconductor sentiment, even as some chip peers moved unevenly. That shows Nvidia remains the clearest AI bellwether in U.S. equity markets.

Asia told a different story. MSCI’s Asia-Pacific index outside Japan fell 2.3%, while Japan’s Nikkei dropped 1.8% and South Korea’s KOSPI fell more than 5%. Inflation worries, higher U.S. yields, and oil-price pressure weighed on sentiment.

Insider Activity and Ownership Add Context

Nvidia Stock remains heavily institution-owned, with institutions and hedge funds holding about 65.27% of shares. That level of ownership shows deep market participation from large funds. At the same time, insider selling has drawn attention. Over the past 90 days, insiders sold 906,336 shares worth about $162.8 million, according to the provided data. Those sales do not automatically signal weakness, but they add useful context.

Two notable transactions stand out. EVP Ajay K. Puri sold 300,000 shares for about $54.6 million on March 18, 2026. Director Mark A. Stevens sold 221,682 shares for about $38.5 million two days later. Insider sales can follow planned programs, tax needs, or diversification.

Conclusion

Nvidia Stock has earned its record valuation through rare growth, massive data center demand, and renewed China optimism. The latest rally took shares to $236.54 intraday and placed Nvidia near a $5.7 trillion market value. The strongest support comes from $68.13 billion in quarterly revenue, 73% yearly growth, and dominant AI infrastructure demand. Still, the H200 China approval is not finished business because deliveries have not started.

Disclaimer

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.