Nvidia shares closed at a record on Friday for the first time since October, pushing the company's market cap past $5 trillion, as investors piled into the AI chip trade ahead of earnings next week from tech's hyperscalers.

The stock rose 4.3% to close at $208.27. Nvidia is up more than 14-fold since the end of 2022, driven by soaring demand for artificial intelligence services and models. Nvidia's graphics processing units are relied on by Google, Microsoft, Meta and Amazon as well as model developers OpenAI and Anthropic.