Slowing rate hikes combined with a heavy presence in AI and its application to computer graphics have NVDA back above $700 billion today. Nvidia (NVDA) Source: sdx15 / Shutterstock.com Nvidia (NASDAQ:NVDA) is currently the 7th most highly valued stock with a market cap of approximately $700 billion. The realization that runaway inflation would prompt what would be the most rapid series of rate hikes by the Fed sent NVDA plummeting.