Nvidia Hits $5 Trillion Valuation as AI Boom Reshapes Tech Industry
Nvidia has become the world’s first company to reach a $5 trillion market valuation, fueled by soaring demand for AI chips that power large language models such as OpenAI’s ChatGPT. Its stock has surged nearly 90% in six months, outperforming Apple and Microsoft.
CEO Jensen Huang announced that Nvidia has secured over $500 billion in chip orders for the next five quarters. Analysts project over $300 billion in annual chip sales by 2026, far exceeding Wall Street’s expectations.
Despite U.S. export restrictions to China, Nvidia continues to expand, investing $100 billion in OpenAI and developing next-generation processors. Huang said Nvidia is “the first tech company in history to have visibility into half a trillion dollars in revenue.”