MW Nvidia has added an Oracle's worth of market cap in just four trading days
By Hannah Pedone
Nvidia's stock is on pace to record its best four-session gain of 2026 after severely lagging the chip sector in the year to date
Nvidia shares are up about 14% over the past four trading days.
The Nvidia train is back in motion, with shares on track to log their best four-session stretch of the year.
Nvidia has added $591 billion in market capitalization over the four-day run that has lifted its stock by 14%, according to Dow Jones Market Data. For context, that's more than the total market cap of Oracle $(ORCL)$, which stood at $557 billion on an intraday basis Monday. Only 17 companies besides Nvidia have market values north of $550 billion.
Investors may be showing appreciation for the strong capital-expenditure commitments from the hyperscalers in recent weeks, according to Bernstein analyst Stacy Rasgon. That signals the demand for Nvidia chips isn't showing any signs of slowing, he told MarketWatch.
He said there had been a "divergence" up until recently between shares of Nvidia and other players in the AI supply chain, like Intel $(INTC)$, Advanced Micro Devices $(AMD)$ and Qualcomm $(QCOM)$. That gap had been getting "increasingly wide," he said.
Shares of Nvidia are up 18% so far this year, still far behind the PHLX Semiconductor Index SOX, which has seen a 68% gain in that period. Nvidia's stock is up 2.7% in Monday's session, about even with the chip index's performance.
Rasgon noted that investors are diversifying their bets across various hot areas seen as AI beneficiaries.
"People were playing memory, and then all of a sudden they were playing semicap, and then they were playing optical, and then power settings, and then CPUs," he said. "One at a time, these are parts of the industry that people didn't realize were going to be affected by AI."
Read more: Micron's stock soars toward fresh highs as a 'virtuous cycle' for memory unfolds
Elazar Advisors analyst Chaim Siegel recently told MarketWatch that Nvidia has had some "slowdown risk" this year, which he believes could carry into next year.
"Even though there's more capex coming, there's a memory bottleneck along with a data-center buildout bottleneck," he said. "There's lots of demand, but because supply is tight, growth can still slow."
Investors are also gearing up for Nvidia's earnings results next Wednesday, Rasgon noted.
See also: As Nvidia earnings draw closer, here are 5 things investors need to watch
-Hannah Pedone
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(END) Dow Jones Newswires
May 11, 2026 14:52 ET (18:52 GMT)
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