Nvidia adds $591B in market cap in four days, surpassing Oracle’s entire valuation
Nvidia just casually added $591 billion to its market capitalization in four trading days. To put that in perspective, that’s roughly the entire market value of Oracle, a company that’s been around since 1977.
The AI gold rush keeps accelerating
CoreWeave signed a $6.5 billion agreement with OpenAI for AI model training, announced in early May 2026. The CoreWeave-OpenAI contract marks the third major agreement of its kind this year, part of a wave that has generated $22.4 billion in potential revenue from AI-related deals since March 2025. Every one of those deals reinforces reliance on Nvidia’s GPUs as the backbone of AI compute.
Nvidia’s market cap surpassed $3 trillion in 2024 driven by hyperscaler spending on GPU clusters capable of training frontier AI models.
What the analysts are seeing
Analysts forecast 22.9% annual revenue growth and 23.1% earnings-per-share growth for Nvidia, benchmarked against peers like Apple and Amazon.
Since March 2025, CoreWeave has inked deals totaling $22.4 billion in potential revenue. CoreWeave is essentially an intermediary that buys Nvidia GPUs at massive scale and rents out the compute to companies like OpenAI.
Beyond AI: the crypto connection nobody’s talking about
Nvidia’s GPUs remain integral to cryptocurrency mining operations. The same hardware powering AI model training is architecturally suited for the parallel processing demands of proof-of-work mining. The rising demand for AI has created supply constraints that directly affect GPU availability and pricing for crypto miners. When hyperscalers are buying every chip Nvidia can produce, the secondary market for mining-grade hardware gets tighter and more expensive.
