Nvidia has become the first company in the world to reach a market valuation of $5 trillion, just three months after crossing the $4 trillion mark.
For comparison, the tech giant is now worth more than the combined GDP of India, Japan and the United Kingdom, according to the International Monetary Fund (IMF). In recent weeks, Nvidia’s share price has surged, further cementing its position as the undisputed leader in the chip market.
On Tuesday, Nvidia CEO Jensen Huang revealed that the company had received orders worth $500 billion. The firm also announced a partnership with Uber on its self-driving taxi programme, along with a $1 billion investment in Nokia to support the development of 6G technology.
The company has also received backing from Donald Trump, who described Huang as an “incredible guy” during a visit to South Korea on Wednesday.
During his upcoming trip to China this week, the US president is expected to discuss Nvidia’s role with Chinese leader Xi Jinping.
