NVIDIA hits new all-time high $3.77 trillion market cap, CEO plans to sell $800 million stock

NVIDIA has just reached yet another record-high market cap reaching $3.77 trillion, with its stock price hitting $154.31 at the close of trading, up from its previous closing high of $149.43 earlier this year on January 6, 2025.

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With the new NVIDIA market cap of $3.77 trillion, it passes both Microsoft and Apple at ease, with Microsoft enjoying a $3.66 trillion market cap, and Apple in third position at $3.01 trillion. NVIDIA has been riding the AI wave for a few years now, and without its AI GPUs, I don't think we'd be where we are with AI (generative AI, and more) and neither would NVIDIA's financials.

The company has faced constantly changing US export restrictions, stopping its AI chips from entering China, and seeing the company hurt with $8 billion lost in sales to China, writing off over $4.5 billion in AI chip inventory. This has led NVIDIA to stop counting any sales from China, with NVIDIA CEO Jensen Huang saying last month that "the $50 billion China market is effectively closed to US industry".

NVIDIA has its AI GPUs inside of AI servers across the industry and across the world, and has been dominant with somewhere over 90% of the AI GPU market, with AMD's new Instinct AI accelerators that compete at these levels unveiled recently, and will be on the market later this year and into 2026.

NVIDIA has its Blackwell B200 and Blackwell Ultra B300 chips on the market, with its next-gen Rubin AI GPUs with HBM4 memory to be unleashed later this year and hitting the market in 2026. If NVIDIA's financials are strong now, we should only expect an upward trajectory next year, with some analysts expecting a whopping $6 trillion valuation in the not too distant future.

NVIDIA CEO Jensen Huang plans to sell $800 million of stock, something that Jensen disclosed in a new 10b5-1 plan last month, with $800M of his stock to be sold before the end of the year.