Nvidia stock at all-time high: worth $5.7 trillion

Nvidia (NVDA) set a new stock market record on Friday. The US chip giant's share price rose to the highest level ever, bringing its market value to around $5.7 trillion.

The increase comes on a strong day for technology stocks. The Nasdaq is moving just below its highest level ever, while investors are reacting positively to the weak US jobs report and the reduced likelihood of a new rate hike.

Nvidia's record position comes on a favorable day for US technology stocks. The Nasdaq is rising sharply and is now just below its highest level ever.

Investors react positively to the weak US jobs report. In September, only 29,000 jobs were added, much less than expected. This has reduced the likelihood of a new interest rate hike by the Federal Reserve.

For Nvidia, this is on top of the optimism around artificial intelligence. The huge investments in AI data centers have greatly increased the demand for Nvidia chips in recent years and have been an important driver behind the historic price increase.

The new record price underlines above all how exceptional Nvidia's advance has been.

Anyone who invested $10,000 in Nvidia ten years ago and held on to their shares would now own about $1.58 million, according to the calculation.

That means that every $10,000 invested in a decade has become worth about 158 times as much.

The huge price increase coincides with the transformation of Nvidia. For years, the company was best known for its graphics chips for gaming, but thanks to the rise of artificial intelligence, it became a crucial supplier for the global AI infrastructure.

With a market value of about 5.7 trillion dollars, the new record shows how much value investors now assign to that position.