Nvidia's stock price surged 4% immediately after the US stock market opened on Wednesday morning (local time), pushing the company's market capitalization above $5 trillion. Nvidia is the first company in history to reach this milestone.
Earlier this July, Nvidia also became the first company to reach a market capitalization of $4 trillion and has held the position of the world's largest company by market capitalization ever since.
The 10 companies with the largest market capitalization in the world today, 8 of which are technology companies (Photo: CMK).
Since the beginning of the year, Nvidia's stock price has increased by more than 50%, pushing the company's market capitalization far beyond that of other tech giants. Currently, Apple and Microsoft have market capitalizations of $4.017 trillion and $4.006 trillion respectively, ranking second and third on the list of the world's largest companies.
Nvidia's stock price has surged in recent days after CEO Jensen Huang said Nvidia expects to receive $500 billion worth of AI chip orders and announced plans to build seven new supercomputers for the US government .
Nvidia has also just announced that it has acquired a $1 billion stake in Nokia, forging a strategic partnership with the Finnish telecommunications company to jointly develop next-generation 6G mobile network technology.
Over the past five years, Nvidia's stock value has increased by approximately 1,500%. Two key factors driving this rapid growth are the demand for hardware used in cryptocurrency mining and the explosion of artificial intelligence (AI).
Previously, when cryptocurrencies were developing, mining rigs required multiple high-performance graphics cards – one of Nvidia's flagship products. In the last three years, the demand for building supercomputers for AI training and operations has also driven a sharp increase in demand for AI chips and GPUs.
Market analysts predict that as long as the AI craze continues, Nvidia will continue to profit.
Major tech companies like Google, Microsoft, Meta, and OpenAI have spent billions of dollars buying Nvidia GPUs to power large-scale AI projects. Graphics card shortages, where demand far exceeds supply, have occurred repeatedly in the market.
Nvidia was founded in 1993 by Jensen Huang, Curtis Priem, and Chris Malachowsky. Huang currently remains Chairman and a key executive.
From May 2023 to July of this year, Nvidia successively reached market capitalizations of $1 trillion, $2 trillion, $3 trillion, and $4 trillion in just over a year.
The surge in stock prices has significantly increased the wealth of Chairman Jensen Huang. According to Forbes , he now owns $179.8 billion and is the eighth richest person in the world.
Source: https://dantri.com.vn/cong-nghe/nvidia-dat-moc-von-hoa-ky-luc-5000-ty-usd-20251030021059154.htm
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