Nvidia has set a new record by becoming the first company in the world to reach a value of 5 trillion dollars. The largest chip manufacturer has now become a titan of Artificial Intelligence and euphoria about its potential increases demand for chips and increases the company’s shares to record values. In June 2023, the company reached a value of 1 trillion dollars and just 3 months ago, 4 trillion.
Shares in it rose 5.6% to more than $212 on Wednesday morning, helped by investor optimism about Nvidia’s sales in China, a key geopolitical hotspot.
The world’s most valuable company and the biggest spender on AI has overtaken its tech rivals. It has signed deals with OpenAI and Oracle, while its chips continue to power the AI ​​industry. Nvidia’s value now exceeds the GDP of every country except the US and China, according to World Bank data. Microsoft and Apple recently surpassed the $4 trillion mark.