--- title: "Chip stocks soared collectively, with NVIDIA's market capitalization closing above $5 trillion for the first time, and Intel surged over 23%, marking its best single-day performance since 1987" type: "News" locale: "en" url: "https://longbridge.com/en/news/284060821.md" description: "NVIDIA's stock price rose by 4.32%, closing with a market value that first surpassed $5 trillion, becoming the biggest beneficiary of the AI wave. Intel's earnings report exceeded expectations, with its stock price soaring over 23%, marking the best single-day performance since 1987. AMD and Qualcomm also rose nearly 14% and over 11%, respectively. Market funds are flowing back into the AI and semiconductor sectors, with the Nasdaq Composite Index accumulating a 15% increase this month. Analysts are focusing on next week's earnings reports from tech giants, anticipating that capital expenditures from cloud service providers will remain high" datetime: "2026-04-24T23:15:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284060821.md) - [en](https://longbridge.com/en/news/284060821.md) - [zh-HK](https://longbridge.com/zh-HK/news/284060821.md) --- # Chip stocks soared collectively, with NVIDIA's market capitalization closing above $5 trillion for the first time, and Intel surged over 23%, marking its best single-day performance since 1987 According to Zhitong Finance APP, on Friday, NVIDIA (NVDA.US) rose 4.32% to $208.27, reaching a new high since October last year, with a closing market value surpassing $5 trillion for the first time. Since the end of 2022, the stock has increased by more than 14 times, becoming one of the biggest beneficiaries of the AI wave. As a core supplier of artificial intelligence infrastructure, NVIDIA's graphics processing units (GPUs) are widely used by cloud computing giants such as Alphabet (GOOG.US, GOOGL.US), Microsoft (MSFT.US), Meta Platforms (META.US), and Amazon (AMZN.US), and it is also an important chip supplier for major model developers like OpenAI and Anthropic. The continuously high demand for AI services and models is seen as the core driving force behind NVIDIA's expanding valuation. Chip stocks surged collectively on Friday due to Intel's (INTC.US) earnings report exceeding expectations. Intel's stock price skyrocketed over 23%, marking its best single-day performance since 1987. Meanwhile, AMD (AMD.US) rose nearly 14%, and Qualcomm (QCOM.US) increased over 11%, indicating that market funds are flowing back into the AI and semiconductor sectors. Previously, investors had reduced their holdings in large tech stocks due to rising oil prices and supply chain disruptions caused by the U.S.-Israel conflict. However, as the market confirms that there are no signs of a slowdown in AI infrastructure demand, the tech sector has recently regained favor. Driven by this, the Nasdaq Composite Index, which is dominated by tech stocks, has risen 15% so far this month, likely achieving its best monthly performance since April 2020. Analysts point out that the market's current focus is shifting to the earnings reports of tech giants next week. Investors generally expect major cloud service providers to maintain high capital expenditures and further reinforce the judgment of continued expansion in AI computing power demand, which will directly support NVIDIA's growth logic. However, competitive risks are also rising. Alphabet, an important customer of NVIDIA, recently announced the launch of a new self-developed chip, which it plans to open to cloud customers later this year to challenge NVIDIA's products. 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