Nvidia Approaches $6 Trillion Market Cap in AI Stock Explosion

Those of a certain age will recall The Six Million Dollar Man, a 1970s television show that followed the adventures of a badly injured astronaut saved by some very expensive tech. Well, Jensen Huang is no astronaut, but he’s also no stranger to pricey gadgets, and the blistering success of Nvidia has his chipmaking behemoth hurtling toward uncharted space: a $6 trillion market capitalization.

The company’s shares continued their meteoric rise on Thursday, extending a 20% rally over the past seven days as investors continue to dismiss bubble narratives in favor of plowing cash into chipmakers profiting from all the spending (and circular deals) on artificial intelligence. Huang, as CEO of the biggest fish in the pond, has overseen Nvidia’s domination of that dynamic.