Summary
Nvidia's market value reached over $5 trillion, making it the first company to achieve this milestone. The growth is driven by a rise in AI technology, including expected large AI chip orders and new supercomputer projects. Nvidia also plans significant investments in 6G technology and AI infrastructure.
Key Facts
- Nvidia's market value exceeded $5 trillion, driven by a recent rise in share price.
- The company's value increased after CEO Jensen Huang announced $500 billion in expected AI-chip orders.
- Nvidia plans to build seven new supercomputers for the U.S. government.
- The company confirmed a $1 billion investment in Nokia to develop 6G technology.
- Nvidia plans to invest up to $100 billion in OpenAI for AI infrastructure development.
- Nvidia's value increase coincided with record market highs, with Apple and Microsoft also reaching $4 trillion in market value.
- SK Hynix, a supplier to Nvidia, has sold out of some chips needed until 2026 due to high demand.
- The Bank of England and International Monetary Fund have warned about possible market risks if AI company values are overestimated.
