US EditionNvidia becomes first company to reach $5 trillion valuation, fueled by AI boom
- On Wednesday Nvidia became the first $5 trillion company, reaching that milestone three months after breaking the $4 trillion barrier.
- Last month Nvidia announced a $100 billion investment in OpenAI to add at least 10 gigawatts of AI data centers, fueled by ravenous chip demand driving rapid stock gains since early 2023.
- Major orders and government partnerships are supporting the valuation as Jensen Huang disclosed $500 billion in chip orders Tuesday, with deals involving Uber, Nokia, and the Department of Energy.
- Geopolitical and regulatory scrutiny has intensified as Bank of England officials earlier this month warned of a possible AI-driven stock bubble, and President Donald Trump plans to discuss Nvidia chips with Xi on Thursday.
- The International Monetary Fund pointed to comparisons with national GDPs as Nvidia's value surpasses India, Japan and the United Kingdom, underscoring the biggest tech shift since Steve Jobs unveiled the first iPhone 18 years ago.
290 Articles
290 Articles
Nvidia hits $5 trillion valuation
Nvidia on Wednesday became the first publicly traded company to hit a $5 trillion valuation, bolstered by the AI boom and a spate of new deals.The US chip giant, which hit the $4 trillion mark 11 weeks ago, has redefined “the meaning of ‘big’ in Big Tech,” a Bloomberg tech columnist wrote: Nvidia has become integral to the functioning of the global economy, which also makes it “a potential $5 trillion single point of failure.”The milestone comes…
This one company is now worth more than Japan, India and the UK
Nvidia has become the first $US5 trillion ($7.6 trillion) company, just three months after the Silicon Valley chipmaker was the first to break through the $US4 trillion barrier.It has hit the incredible benchmark off the back of an artificial intelligence craze that’s widely viewed as the biggest tectonic shift in technology since Apple unveiled the first iPhone 18 years ago.Apple rode the iPhone’s success to become the first publicly traded com…
Sydney Morning Herald
ASX set to retreat as Fed chair unsettles Wall Street; Nvidia just started the $US5 trillion club
US stocks are rising toward more records with AI giant Nvidia surging to become the first company valued at $US5 trillion on Wall Street.
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