The global frenzy for artificial intelligence has lifted Nvidia to a valuation of $5.05 trillion, a staggering figure that is now greater than the individual GDPs of India, Japan, and the United Kingdom. The chipmaker became the world’s first $5 trillion company on Wednesday.
This historic milestone comes just three months after Nvidia first broke the $4 trillion barrier. The company’s stock has surged since early 2023 as the tech world scrambled to acquire its cutting-edge chips, which are essential for powering AI.
Nvidia’s order book now stands at $500 billion. The company is also expanding its reach, announcing a robotaxi partnership with Uber, a $1 billion 6G deal with Nokia, and a massive $100 billion investment in OpenAI to build out its AI infrastructure.
The AI boom, and Nvidia’s central role in it, has been praised by President Donald Trump. Trump, a shareholder, also suggested he would negotiate with China to allow sales of some Nvidia chips, a potentially huge new market.
This rapid, AI-driven growth is not without its critics. The Bank of England and the IMF have both issued warnings about a potential AI bubble. Skeptics point to the high failure rate of corporate AI pilot programs as evidence that the market’s enthusiasm is far ahead of actual business returns.