Nvidia market cap surpasses $5T amid potential US-China trade easing

Nvidia’s market cap has crossed the $5 trillion mark, and the Polymarket contract for Nvidia being the largest company by market cap on April 30 sits at 99.6% YES.

The milestone comes amid potential easing of U.S. trade restrictions with China, which could widen Nvidia’s lead. The June 30 market is at 89.5% YES, showing traders expect Nvidia to hold the top spot through mid-year. The December 31 market sits at just 0.8% YES, a steep drop that prices in the difficulty of holding the lead over eight months.

Trading volume on the April 30 contract is $224,670 in face value and $178,838 in actual USDC. It takes $212,983 to move the odds by 5 percentage points, which signals strong conviction among participants.

Nvidia’s valuation has geopolitical weight, particularly if U.S. export restrictions ease. At 99.6¢, a YES share pays $1 if Nvidia leads by April 30. The upside is thin at these odds, but sustained geopolitical tensions or new export controls could create movement in the longer-dated contracts.

Watch for White House announcements on trade negotiations with China; any confirmation of eased restrictions would likely push the June 30 contract higher. Nvidia’s upcoming earnings reports and major tech events could also shift its valuation and the contracts tied to it.

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