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Nvidia stock hits all-time high amid easing US-China trade tensions

Nvidia stock hits all-time high amid easing US-China trade tensions

Largest Company by June

Nvidia’s stock closed at an all-time high yesterday, its first in 177 days. The Polymarket contract for Nvidia to become the largest company by market cap on June 30 is now at 92.5% YES, up from 90% a week ago.

The stock rally followed a temporary easing in US-China trade tensions, which lifted the chip sector broadly. The largest company by June market prices Nvidia at 92.5% YES, with traders betting Nvidia will surpass Apple and Tesla by month’s end.

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The de-escalation in chip trade restrictions supports Nvidia’s AI-driven revenue growth. Broader geopolitical risks, including tensions involving Iran, could still introduce volatility. Over the past week, odds have barely moved; the largest single price change was a 1-point move recorded at 5:59 AM.

Daily trading volume is $4,178 in USDC, but the market requires $42,558 to shift the price by 5 percentage points. That depth-to-volume ratio points to institutional positioning rather than retail speculation. The narrow price range and high liquidity threshold both reflect strong conviction among current holders.

At 92.5¢, a YES share pays only 1.08x if correct, leaving limited upside. The contrarian trade is NO, which would pay off on an unforeseen geopolitical shock or a market correction that knocks Nvidia below Apple before June 30.

Nvidia’s Q1 earnings report is the next major catalyst. Any supply chain disruptions or revised guidance could move these odds. New developments in US-China trade policy, particularly around chip export controls, would also directly affect this market.

NVIDIA Corporation (NVDA) price

Full chart and stats

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Market cap
$3.9T (shares as of 2026-08-21)
P/E (trailing)
20.6 (EPS to 2026-07-26)
Annual revenue
$215.9B USD (FY ended 2026-01-25) 10-K
Annual revenue growth
+65.5% (FY ended 2026-01-25 vs FY ended 2025-01-26) 10-K
Annual net income
120,067,000,000 USD (FY ended 2026-01-25, attributable to the company) 10-K
Annual operating margin
60.4% (FY ended 2026-01-25)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Nov 13, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

NVIDIA Corporation and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
NVIDIA Corporation NVDA · Price dated Nov 13, 2026 · tokenized NVDAx $163$3.9T20.6Unavailable$215.9BFY ended 2026-01-25 · 10-K+65.5%FY ended 2026-01-25 vs 2025-01-26 · 10-K120,067,000,000FY ended 2026-01-25, attributable to the company · 10-K60.4%FY ended 2026-01-25
Broadcom Inc. AVGO · Price dated Nov 13, 2026 · tokenized AVGOx $347$1.7T44.3Unavailable$63.9BFY ended 2025-11-02 · 10-K+23.9%FY ended 2025-11-02 vs 2024-11-03 · 10-K23,126,000,000FY ended 2025-11-02, consolidated · 10-K39.9%FY ended 2025-11-02
Advanced Micro Devices Inc. AMD · Price dated Nov 13, 2026 · tokenized AMDx $534$875.9B115.8Unavailable$34.6BFY ended 2025-12-27 · 10-K+34.3%FY ended 2025-12-27 vs 2024-12-28 · 10-K4,335,000,000FY ended 2025-12-27, attributable to the company · 10-K10.7%FY ended 2025-12-27
Micron Technology Inc. MU · Price dated Nov 13, 2026 · tokenized MUx $778$880.6B10.5Unavailable$133.2BFY ended 2026-09-03 · 10-K+256.3%FY ended 2026-09-03 vs 2025-08-28 · 10-K84,969,000,000FY ended 2026-09-03, attributable to the company · 10-K74.6%FY ended 2026-09-03

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Nov 13, 2026, 2:11 PM EST. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Traded on-chain

Explore tokenized products tracking NVIDIA Corporation. Open a product to see its price, network and observed pools. Access depends on the venue and where you live.

NVDAxBacked · Solana$161.78
Token price
$161.78
Issuer
Backed
Network
Solana

Price from the pool with the highest reported reserves below. Token units may differ from one share.

Where to trade NVDAx

Pool liquidity

Source: GeckoTerminal. Retrieved Nov 13, 2026 23:15 UTC. Source and pools · Verify token contract Top three active pools by reported total reserves from the provider’s first 20 results. Each list covers this issuer, network and contract only. Products may have different share multipliers and rights. Pool reserves are not executable depth or guaranteed execution quality. Not a recommendation.

NVDAonOndo · BNB Chain$159.54
Token price
$159.54
Issuer
Ondo
Network
BNB Chain

Price from the pool with the highest reported reserves below. Token units may differ from one share.

Where to trade NVDAon

Pool liquidity

Source: GeckoTerminal. Retrieved Nov 13, 2026 23:15 UTC. Source and pools · Verify token contract Top three active pools by reported total reserves from the provider’s first 20 results. Each list covers this issuer, network and contract only. Products may have different share multipliers and rights. Pool reserves are not executable depth or guaranteed execution quality. Not a recommendation.

NVDAonOndo · Ethereum$159.18
Token price
$159.18
Issuer
Ondo
Network
Ethereum

Price from the pool with the highest reported reserves below. Token units may differ from one share.

Where to trade NVDAon

Pool liquidity

Source: GeckoTerminal. Retrieved Nov 13, 2026 23:15 UTC. Source and pools · Verify token contract Top three active pools by reported total reserves from the provider’s first 20 results. Each list covers this issuer, network and contract only. Products may have different share multipliers and rights. Pool reserves are not executable depth or guaranteed execution quality. Not a recommendation.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.