Nvidia becomes first company to reach $5 trillion valuation, fueled by AI boom
Nvidia's AI-driven chip sales surged with $500 billion in bookings, making it the first $5 trillion company, surpassing the combined value of its top competitors.
- 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.
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New York — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than 60 percent year-on-year, stronger than Wall Street had projected. CEO Jensen Huang said “sales are off the charts.” And the company expects fourth quarter revenue of around $65 billion,…
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Zero Hedge
LewRockwell.comIs AI A Catalyst For Growth... Or For Collapse?
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