NVIDIA Reaches $5 Trillion Valuation Milestone
NVIDIA's market value surpassed $5 trillion on Wednesday, with a 3% rise in its share price, making it the first company to cross this threshold.
This milestone reinforces NVIDIA's dominance in the AI semiconductor market, coming just three months after hitting the $4 trillion mark.
CEO Jensen Huang announced expectations of $500 billion in AI chip orders.
- NVIDIA plans to build seven new supercomputers for the US government to support AI research and national computing infrastructure.
- A new strategic partnership with Nokia will integrate NVIDIA's AI-powered RAN technology into Nokia's product portfolio.
The collaboration aims to enable communication service providers to deploy AI-native 5G-Advanced and 6G networks using NVIDIA's computing platforms.
Author's summary: NVIDIA becomes the first company to surpass $5 trillion valuation.