Nvidia's Valuation Surpasses $5 Trillion
Nvidia has reached a record-breaking valuation of over $5 trillion, driven by the artificial intelligence (AI) boom.
Since the launch of ChatGPT in 2022, the company's shares have climbed 12-fold, solidifying its dominance in the AI industry.
Nvidia made history on Wednesday as the first company to reach $5 trillion in market value.
The company's transformation from a niche graphics chip designer to the backbone of the global AI industry has been swift, with CEO Jensen Huang becoming a Silicon Valley icon.
- Nvidia's advanced chips have become a key factor in the tech rivalry between the U.S. and other countries.
- The company's recent announcements have further solidified its position in the AI market.
Author's summary: Nvidia reaches $5 trillion valuation amid AI boom.