In the AI boom, NVIDIA has continuously banked off the demands of AI tech needs for stronger and more efficient hardware.
The NVIDIA company has reached a historic milestone this week, becoming the first-ever company to reach a $5 trillion valuation in its market cap. One of the most prolific chip makers and designers of hardware powering the AI market, NVIDIA continues to grow alongside AI as tech giants invest more heavily into the field, buying the company’s products as a result.
NVIDIA’s $5 trillion valuation hit on Tuesday, with the day’s markets observing the historic moment, as first spotted by CNBC. It was on this day that NVIDIA’s market cap hit a mark of $5.07 trillion. This comes just after the company announced it had relocated much of its Blackwell AI chip building to Arizona in the United States.
Source: Google
It’s really no secret as to why NVIDIA keeps rising in value. The company has been a leader at the heart of AI chip and hardware design, right as tech companies have been dumping millions into the market to try to get out ahead of each other. NVIDIA saw some setbacks as the company was forced to exit the Chinese market under pressure from both the Chinese and US governments, but it has also skyrocketed on deals such as the recent collaboration with Eli Lilly to build a supercomputer.
NVIDIA shows no sign of slowing down while the AI craze is still hot. As we watch for what comes next, stay tuned to the NVIDIA topic for more news and updates.