Nvidia Reaches $5 Trillion Milestone
Nvidia has become the world's first $5 trillion company, achieving this milestone just three months after reaching the $4 trillion mark.
The company's market value is now equal to half the value of Europe's Stoxx 600 index, solidifying its position at the center of the global artificial intelligence (AI) boom.
Nvidia made history as the first company to reach $5 trillion in market value, powered by a stunning rally that has cemented its place at the centre of the global artificial intelligence (AI) boom.
This milestone underscores the company's swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, with CEO Jensen Huang becoming a Silicon Valley icon.
- Nvidia's shares have climbed 12-fold since the launch of ChatGPT in 2022.
- The AI frenzy has propelled the S&P 500 to record highs, sparking debate on whether frothy tech valuations could lead to the next big bubble.
Author's summary: Nvidia reaches $5 trillion in market value.