Nvidia (NVDA) leaped back into the $3 trillion club on Tuesday as its stock shot up following the announcement of a major deal with a state-backed Saudi Arabian AI company. Nvidia shares rose nearly 6% to close just under $130.

Nvidia's stock rose over 5 per cent, pushing its value past $3 trillion. New global deals and upcoming faster AI chips are boosting investor confidence, despite trade worries and fears of lower tech spending.

Nvidia is now the second-largest publicly traded U.S. company by market capitalization, behind only Microsoft (MSFT). The chipmaker has re-entered the $3 trillion club as its stock soars 6% on May 13 to rise above $130 a share. Nvidia’s market cap now stands at $3.2 trillion, ahead of Apple at $3.15 trillion.

Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company. Monitor these crucial chart levels.

Nvidia CEO Jensen Huang's net worth neared $120 billion, fueled by soaring demand for AI chips, elevating him on Forbes' billionaires list. Nvidia's m

Most of Nvidia's gargantuan $3 trillion market cap can be attributed to its dominance in AI chips. Estimates say the company commands somewhere between 70% to 95% market share for GPUs designed for the AI market.

Nvidia CEO Jensen Huang's compensation surged 46% to nearly $50 million in fiscal 2025, fueled by the company's dominance in the AI spending boom. This increase reflects Nvidia's soaring market capitalization,