Nvidia (NVDA) stock hit a record high on May 14 amid reports that the company has received approval to sell its H200 chips to 10 Chinese firms, including Alibaba (BABA), which has developed its own artificial intelligence (AI) chips. At $5.46 trillion today, Nvidia’s market capitalization is on its way to approaching the $6 trillion mark. If Nvidia can achieve that feat, it would become the first company to do so, repeating the success it saw as the first-ever company to hit a market cap of $4 trillion and later $5 trillion.
Meanwhile, Nvidia will report fiscal first-quarter 2027 earnings on May 20 after the market close. Let's take a closer look and gauge whether NVDA stock can continue to rally following the Q1 confessional.
