NVIDIA Nears $5 Trillion Triumph as AI Chip Orders Surge
Global chipmaking giant NVIDIA is on the verge of reaching the historic milestone of a $5 trillion market capitalization. The company announced that orders for its artificial intelligence (AI) processors have already hit $500 billion and that it will build seven new supercomputers for the U.S. Department of Energy, according to a Reuters report.
On Tuesday, NVIDIA’s stock price surged nearly 5 percent to reach $4.89 trillion, briefly touching $4.94 trillion. At a developer conference in Washington, D.C., NVIDIA CEO Jensen Huang announced new products and contracts while praising the policies of U.S. President Donald Trump.
NVIDIA now stands at the heart of the global AI expansion, playing a pioneering role in advancing technological influence despite the ongoing U.S.-China trade war. The company’s share price has risen by nearly 50 percent this year alone, surpassing the $4 trillion valuation mark for the first time in July.
The supercomputers currently under development by NVIDIA will also assist in maintaining the United States’ nuclear weapons arsenal. The largest of these will be built in collaboration with Oracle and will feature 100,000 of NVIDIA’s latest Blackwell AI chips.
