The first company in the world to reach a capitalization of 5,000 billion USD

Nvidia CEO Jensen Huang. Photo: Bloomberg

In the opening trading session on the morning of April 29 (US time), chip manufacturing company Nvidia (US) became the first company in the world to reach a market capitalization of 5,000 billion USD (more than 210 USD/share).

The achievement marks a rapid and successful transformation of California-based Nvidia from a niche graphics chip designer to the backbone of the global AI industry. The development has turned CEO Jensen Huang into a Silicon Valley icon and made Nvidia's cutting-edge chips a flashpoint in the tech rivalry between the US and China. Since the ChatGPT app launched in 2022, Nvidia's stock has risen 12-fold, pushing the S&P 500 to a record high and sparking debate about the risk of a "tech bubble".

The new milestone comes just three months after Nvidia's market capitalization surpassed the $4 trillion mark, now surpassing the total market value of the entire cryptocurrency market and roughly half the size of the benchmark European stock index, the Stoxx 600.

Nvidia’s stock price continued to rise 3.5% after a series of recent announcements solidified the company’s leadership in the AI race. On October 28, CEO Jensen Huang revealed $500 billion in AI chip orders and said he plans to build seven supercomputers for the US government .

Meanwhile, US President Donald Trump is expected to discuss Nvidia’s Blackwell chips with Chinese President Xi Jinping during a summit scheduled for October 30 in South Korea. The sale of these high-end chips is a key point in the discussion between the two sides due to US export controls.

In addition to Nvidia, other major tech companies such as Apple and Microsoft have also surpassed the $4 trillion market capitalization mark in recent months. Nvidia is expected to announce its quarterly results on November 19.

Source: https://vtv.vn/doanh-nghiep-dau-tien-tren-the-gioi-dat-von-hoa-5000-ty-usd-10025103005414001.htm