Nvidia became the first $5 trillion company, just three months after the Silicon Valley chipmaker surpassed that mark.
Its value will be $1 trillion, $2 trillion, and eventually $3 trillion.
with officials at the Bank of England earlier this month flagging the growing risk that tech stock prices pumped up by the AI boom could burst. The head of the International Monetary Fund sounded a similar alarm.
By comparison, Nvidia’s value is higher than the GDP of India, Japan and the United Kingdom, according to the International Monetary Fund.
Nvidia carved out an early lead in tailoring its chipsets known as graphics processing units, or GPUs, from use in powering video games to helping to train powerful AI systems, like the technology behind ChatGPT and image generators. Demand has skyrocketed as more people started using AI chatbots. Technology companies sought more chips to produce and run them.
Huang was traveling to South Korea this week as leaders of major economies in the Pacific Rim, including the United States, China and Japan.
– intensifying trade wars leave South Korean hosts in a difficult balancing act.
On Tuesday, Huang announced a $500 billion chip order. The company also announced a partnership with Uber on robotaxis and a $1 billion investment in Nokia, with the two planning to work together on 6G technology.
Additionally, Nvidia is working with the Department of Energy to create seven new AI supercomputers.
A potential new computer chip being designed for China by the Trump administration. Trump said on Air Force One that he will speak with Xi about Nvidia’s chips on Thursday on the sidelines of the APEC event that Huang is also attending.
In August, Chipmakers Nvidia and AMD agreed to lift export controls on the sale of advanced chips to China in exchange for a 15% cut of revenue. He said the US government bought a 10 percent stake in Intel worth about $11 billion.
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Later, He said he would invest $5 billion in Intel and collaborate with the struggling semiconductor company.
