NEW YORK, July 6, 2026, 04:18 EDT
- NVIDIA Corporation NASDAQ:NVDA last traded at $194.83. At that price, the $200 mark is about $126 billion higher in market cap terms.
- U.S. trading resumes after the July 3 Independence Day holiday. Chip stocks dropped before the market closed ahead of the break.
- Memory is the clear takeaway here. SK Hynix’s plans for a U.S. listing and Samsung’s profit outlook bring AI supply costs back into focus.
NVIDIA Corporation NASDAQ:NVDA comes into the new week eyeing the $200 level. Shares were last seen at $194.83, giving the chipmaker a market cap near $4.75 trillion. With that size, every $1 in the stock is equal to roughly $24.4 billion in market value. If NVDA gets back to $200, that’s an extra $126 billion.
U.S. stocks were closed Friday, July 3, for the Independence Day holiday, as listed on Nasdaq’s 2026 equity and options calendar. NYSE also listed the July 3 shutdown. Trading resumes on Monday, following the extended weekend.
| Nvidia price marker | Level | Market-value read-through |
|---|---|---|
| Latest delayed quote | $194.83 | $4.75 trillion |
| $1 share move | — | About $24.4 billion |
| $200 line | $5.17 over last price | About $126 billion |
| 52-week high | $236.54 | Roughly $1.02 trillion more than current |
| 52-week low | $157.34 | About $914 billion under |
Chip stocks slumped in the last regular session. The Nasdaq Composite lost 0.8% on Thursday, with the Philadelphia SE Semiconductor Index down 5.4%. Nvidia slipped 1.4%. SanDisk NASDAQ:SNDK tumbled 14.1%. “It just takes the pressure off the Fed in the short term,” Adam Sarhan, CEO of 50 Park Investments, told Reuters. Reuters
Nvidia shares have traded between $157.34 and $236.54 over the past year, according to MarketWatch. The data show the stock is down 5.01% in the past month, despite a 22.27% gain in the last 12 months. That one-month drop has erased about $251 billion in market cap.
This matters because Nvidia’s stock now faces a narrower business focus. The company posted fiscal first-quarter revenue of $81.6 billion, up 85% on the year. Data center brought in $75.2 billion, rising 92%. That segment made up 92.2% of total revenue. Nvidia’s latest valuation puts it at about 15.8 times annualized Q1 data center sales.
| Nvidia operating marker | Latest figure | Stock read-through |
|---|---|---|
| Q1 FY2027 revenue | $81.6 billion | Roughly 14.6x annualized Q1 sales |
| Q1 data center revenue | $75.2 billion | Near 15.8x data center sales annualized |
| Data center compute | $60.4 billion | Comes to 80.3% of the data center total |
| Data center networking | $14.8 billion | Makes up 19.7% of data center revenue |
| Added buyback authorization | $80.0 billion | About 1.7% of Nvidia’s current market cap |
NVIDIA CEO Jensen Huang said in May that “Agentic AI has arrived” and that AI factory construction was going at “extraordinary speed.” But the real issue for the stock isn’t whether that story holds. It’s how much market value hangs on every data center number. NVIDIA Newsroom
SK Hynix KRX:000660, the high-bandwidth memory supplier for Nvidia and Alphabet’s NASDAQ:GOOGL AI systems, is launching a U.S. offering targeting around $28 billion. Reuters said the company will set final pricing Thursday, with trading expected to kick off Friday. Dave Mazza, CEO of Roundhill Investments, said this is “more than a liquidity event” and argued the U.S. listing could remove what he called an “accessibility discount.” Reuters
Samsung Electronics KRX:005930 is set to report earnings Tuesday. Analysts think operating profit for the April-June period will jump 18 times from last year, based on an LSEG SmartEstimate cited by Reuters. Wall Street expects 25% year-over-year EPS growth, with semis and energy making up half, the report said.
| Chip calendar this week | When | Why Nvidia investors watch |
|---|---|---|
| U.S. market opens again | Monday | First regular trading after chip selloff |
| Samsung earnings preview | Tuesday | Signals on memory prices, AI server orders |
| Fed meeting notes | Wednesday | Interest rate outlook for tech stocks |
| SK Hynix sets U.S. pricing | Thursday | Benchmark price for HBM memory supplier |
| SK Hynix starts U.S. trading | Friday | Easier U.S. play on Nvidia’s memory supply pipeline |
Invesco QQQ Trust NASDAQ:QQQ last traded down 1.70%. SPDR S&P 500 ETF Trust NYSEARCA:SPY was off 0.11%. Nvidia was down 1.47% compared to its last close. That leaves the AI names trading weaker than the broad market but ahead of tech before the bell.
