🔗 Share this article The Tech Giant Achieves Historic Landmark of Turning into a $5tn Corporation Nvidia has become the pioneering $5tn firm, just three months after the Silicon Valley chipmaker first broke through the $4tn valuation barrier. By contrast, Nvidia’s worth is greater than the gross domestic product of Japan, India, and the UK, according to the International Monetary Fund (IMF). Soon after American exchanges opened this Wednesday, Nvidia’s stock reached $207.86 with 24.3bn available shares, putting its market cap at $5.05tn. Strong demand for Nvidia’s chips, regarded as the most cutting edge in driving AI products and software, is the primary driver that the company’s stock price has surged dramatically since early 2023. The wider US stock market has reached multiple record highs this week, supported by expansive investment in AI technology. Major Announcements and Strategic Moves On Tuesday, Nvidia’s Chief Executive, Jensen Huang, revealed $500bn in chip orders. Nvidia also unveiled a partnership with Uber on autonomous taxis and a $1 billion investment in Nokia, with the parties aiming to cooperate on 6G technology. Furthermore, Nvidia is teaming with the American energy agency to construct multiple AI supercomputers. Recently, Nvidia stated that it will invest $100 billion in OpenAI as within a joint effort that will include at least 10GW of Nvidia AI datacenters to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT. In August, Huang said Nvidia was discussing a prospective processor designed for the Chinese market with the former U.S. government. Donald Trump said on Air Force One that he would discuss with the Chinese president, Xi Jinping, about Nvidia’s technology later this week. Tech Surge and Market Impact Reaching this milestone highlights the upheaval caused by an artificial intelligence craze that is widely viewed as the biggest tectonic shift in technology since the tech pioneer Steve Jobs introduced the first iPhone 18 years ago. The tech giant capitalized on the iPhone’s success to emerge as the initial listed firm to be valued at $1 trillion, $2tn and eventually, $3tn. Risks and Warnings However, worries exist of a potential tech bubble, with UK central bank representatives earlier this month flagging the growing risk that tech stock prices driven by the artificial intelligence surge might collapse. IMF’s managing director has issued comparable warnings.