Nvidia is nearing a $6 trillion valuation as its stock price soared 28% in 2026. The company got a boost from a strong revenue forecast and a massive buyback plan. Jim Awad said, "Nvidia is attractive on both a growth basis and a value basis," as many investors choose it.
Synopsis
Nvidia has witnessed a remarkable surge in its stock price, propelled by a promising revenue forecast and a robust buyback initiative. The company’s shares have soared by 28% in 2026, contributing nearly $1.2 trillion to its market capitalisation. Amidst rising interest rates and economic volatility, investors are increasingly turning to Nvidia, positioning it as a cornerstone of the S&P 500 Index's success this year.
Nvidia is on the verge of becoming the first company with a $6 trillion market capitalisation as investors rotate back into the artificial-intelligence chipmaker.
The stock is once more at a record high after the company gave a robust revenue outlook and announced the biggest buyback in history, which takes advantage of a valuation that's near multi-year lows. Those twin pillars - strong growth and a cheap multiple - stand out, especially as investors grapple with high interest rates and tepid economic data.
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"Nvidia is attractive on both a growth basis and a value basis, and it looks like a haven from any damage higher rates could do to the economy," said Jim Awad, senior managing director at Clearstead Advisors, which owns Nvidia shares. "All of which makes it such an attractive proposition here and a place people should continue to gravitate to if they have concerns."
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The shares are up 28% this year in a rally that has added $1.2 trillion to Nvidia's market capitalisation, bringing it to just shy of $5.8 trillion. The company also is by far the biggest contributor to the S&P 500 Index's 14% gain in 2026.
The move is particularly striking considering the stock was down 11% for the year on March 30 as investors questioned the hundreds of billions of dollars being spent on AI infrastructure.
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