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Nvidia 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.
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260 Articles
260 Articles
Sydney Morning Herald+2 Reposted by 2 other sources
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.
·Sydney, Australia
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Coverage Details
Total News Sources260
Leaning Left37Leaning Right31Center73Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 26%
C 52%
R 22%
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