Nvidia Becomes World's First US$5 Trillion Company
Nvidia made history as the first company to reach US$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.
The milestone comes three months after Nvidia reached the US$4 trillion mark, and is now equal to half the value of Europe’s Stoxx 600 index.
Since the launch of ChatGPT in 2022, Nvidia’s shares have climbed 12-fold as the AI frenzy propelled the S&P 500 to record highs, igniting a debate on whether frothy tech valuations could lead to the next big bubble.
Nvidia's transformation into the backbone of the global AI industry has turned CEO Jensen Huang into a Silicon Valley icon.
The company’s advanced chips have become a flashpoint in the tech rivalry between the US and China.
Author's summary: Nvidia reaches US$5 trillion market value.
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