Nvidia Reaches $5 Trillion Milestone
Nvidia has become the world's first US$5 trillion company, achieving this milestone just three months after reaching the US$4 trillion mark.
As a result, Nvidia's value is now equal to half the value of Europe's Stoxx 600 index. This surge is attributed to the company's central role in the global artificial intelligence (AI) boom.
Nvidia made history as the first company to reach US$5 trillion in market value, powered by a stunning rally.
- Nvidia's shares have climbed 12-fold since the launch of ChatGPT in 2022.
- The company's swift transformation has turned CEO Jensen Huang into a Silicon Valley icon.
- Nvidia's advanced chips have become a flashpoint in the tech rivalry between the US and China.
The AI frenzy has propelled the S&P 500 to record highs, sparking debate on whether frothy tech valuations could lead to the next big bubble.
Author's summary: Nvidia reaches $5 trillion in market value.