Nvidia Overtakes Silver To Become World's Second-Largest Asset At $5.52 Trillion, Market Commentator Calls It 'Historic Technological Revolution'
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 (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.
Nvidia Outstrips Silver
According to an X post by The Kobeissi Letter on Wednesday, the AI chipmaker surpassed silver as "the second largest asset in the world, worth $5.52 trillion." NVDA shares soared about 67% over the past year and closed at $225.83 on Wednesday.
It's official:
— The Kobeissi Letter (@KobeissiLetter) May 13, 2026
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
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.
Gold Retains Top Asset Title
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.
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Google Nears $5 Trillion Market Cap Milestone
The letter added that Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), which is emerging as the largest player in the AI market, "is less than 4% away from becoming the second company in history to hit $5 trillion in market cap."
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 "a historic technological revolution."
Nvidia's AI Dominance Fuels Historic Rally
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.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.
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Photo Courtesy: Samuel Boivin on Shutterstock.com
