Nvidia Corp (NASDAQ:NVDA) has become the world's second-largest asset by market value after its market cap soared to above $5.5 trillion ahead of next week's highly awaited earnings report.



<h2>Nvidia Outstrips Silver</h2>



According to an X post by The Kobeissi Letter on Wednesday, the AI chipmaker surpassed silver as &#34;the second largest asset in the world, worth $5.52 trillion.&#34; NVDA shares soared about 67% over the past year and closed at $225.83 on Wednesday.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote>It's official: Nvidia, $NVDA, has surpassed silver as the second largest asset in the world, worth $5.52 trillion. Google is less than 4% away from becoming the second company in history to hit $5 trillion in market cap. We are witnessing a historic technological revolution. pic.twitter.com/6mAP2QGHRX— The Kobeissi Letter (@KobeissiLetter) May 13, 2026</blockquote>
</div></figure>



Silver is worth $5 trillion in market capitalization. The precious metal is hovering near $87 per ounce and has gained about 168% over the past year. The rally is being driven less by Federal Reserve rate-cut speculation and more by surging industrial demand.



Industrial applications now account for roughly 60% of global silver consumption, with solar photovoltaic panels alone projected to consume between 120 million and 125 million ounces of silver in 2026.



<h2>Gold Retains Top Asset Title</h2>



Gold is maintaining its top asset position with a market capitalization of $32.67 trillion. The yellow metal surged about 47% over the past year and is trading around $4,700 per ounce.



<div>




Read Also:

Peter Schiff Says Investors Should 'Worry' As New Trend Emerging With Oil, Treasury Yields And Gold Rising Simultaneously




</div>


<h2>Google Nears $5 Trillion Market Cap Milestone</h2>



The letter added that Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), which is emerging as the largest player in the AI market, &#34;is less than 4% away from becoming the second company in history to hit $5 trillion in market cap.&#34;



The gap between Nvidia and Alphabet has narrowed considerably over the past six months, intensifying the competition for the title of the world’s most valuable company. Alphabet closed Wednesday with a market capitalization of roughly $4.88 trillion, while Nvidia stood at about $5.47 trillion.



This is what the Letter described as &#34;a historic technological revolution.&#34;



<h2>Nvidia's AI Dominance Fuels Historic Rally</h2>



Nvidia is a leading developer of graphics processing units. Nvidia's ability to scale AI infrastructure remains a key driver of its growth, with demand for compute capacity expected to exceed supply. Nvidia is pushing toward becoming a top-tier asset in a market increasingly dominated by AI-driven technology.



Wells Fargo recently increased its price target for Nvidia from $265 to $315, highlighting continued confidence in Nvidia’s trajectory.



The recent surge in Nvidia's stock value follows a broader rally in the semiconductor sector.



Benzinga Edge Stock Rankings indicate that the Nvidia stock has a Momentum score in the 865th percentile with a strong price trend in the short, medium and long term. It also has a solid Growth score in the 98th percentile.



<figure class="wp-block-image size-full"></figure>



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.



<div>




Read Also:

Howard Lutnick Says US Is 'Bringing Back' Semiconductor Manufacturing: Here Are ETFs That Could Benefit




</div>


Photo Courtesy: Samuel Boivin on Shutterstock.com

NVDA

GOOG

Nvidia has surpassed silver to become the world's second-largest asset, valued at $5.52 trillion, driven by a surge in AI-related investor enthusiasm. The company's stock has risen approximately 67% over the past year, closing at $225.83. Meanwhile, silver's market cap stands at $5 trillion, with gold maintaining its top position at $32.67 trillion. Alphabet Inc. is close to reaching a $5 trillion market cap, intensifying competition with Nvidia. Analysts remain optimistic about Nvidia's growth, with Wells Fargo raising its price target from $265 to $315.

- Nvidia Corp has surpassed silver to become the world's second-largest asset, with a market capitalization of $5.5 trillion ahead of its earnings report.  
- The AI chipmaker's shares have increased 67% over the past year, while silver's market cap stands at $5 trillion, driven largely by industrial demand.  
- Gold retains the top asset position at $32.67 trillion, and Alphabet Inc. is nearing a $5 trillion market cap as competition intensifies for the most valuable company title.

benzinga_article

NVIDIA

Alphabet - C

VanEck Semiconductor ETF

iShares Semiconductor ETF

Roundhill GOOGL WeeklyPay ETF

Spdr Select Tech

Direxion Daily GOOGL Bull 2X Shares

GraniteShares 2x Long NVDA Daily ETF

T-Rex 2X Long NVIDIA Daily Target ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Direxion Semicon Bull 3X

Nvidia Overtakes Silver To Become World's Second-Largest Asset At $5.52 Trillion, Market Commentator Calls It 'Historic Technological Revolution'