Nvidia officially becomes a $5 trillion company
The chipmaker's stock price has risen above $211 as it continues to make big moves in artificial intelligence.
Nvidia has become the world’s first $5 trillion company. Shares jumped as much as 5 percent Wednesday morning to above $211 at around 9:30 a.m. ET, according to Bloomberg. It’s another step for the company, which barely reached the $4 trillion mark in July.
Nvidia shares are rising as the company continues to make strides in artificial intelligence. “Apple” currently trails Nvidia with a market cap of $4 trillion, followed by “Microsoft”, “Google” parent “Alphabet”, “Amazon” and “Meta”.
Nvidia crossed the $5 trillion barrier after announcing a deal to purchase $1 billion in Nokia shares, along with a partnership that will help it develop “AI native” 5G-Advanced and 6G cellular networks.
Stocks rose further after President Donald Trump said Tuesday he planned to talk to Chinese President Xi Jinping about Nvidia’s powerful “Blackwell” AI chip, whose export controls currently prevent it from being sold in the country.
Credits:
