"The milestone underscores the company's swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, turning CEO Jensen Huang into a Silicon Valley icon and making its advanced chips a flashpoint in the tech rivalry between the US and China. 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."
"Huang unveiled $500bn in AI chip orders on Tuesday and said he plans to build seven supercomputers for the US government. Meanwhile, President Donald Trump is expected to discuss Nvidia's Blackwell chip with Chinese President Xi Jinping on Thursday. Sales of the high-end chip have been a key sticking point between the two sides due to Washington's export controls. At current prices, CEO Huang's stake in Nvidia would be worth about $179.2bn, according to regulatory filings and Reuters calculations."
Nvidia became the first company to reach a $5 trillion market value, hitting the milestone just three months after reaching $4 trillion. The company transformed from a niche graphics-chip maker into a leading supplier of AI training and inference chips, driving massive share gains. Since ChatGPT's 2022 launch, Nvidia shares climbed roughly 12-fold and helped lift broader market indexes to record highs. Nvidia disclosed $500 billion in AI chip orders and plans to build seven supercomputers for the US government. The Blackwell chip has become a point of US-China tension due to export controls. CEO Jensen Huang’s stake is now worth about $179.2 billion.
Read at www.aljazeera.com
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