"Chip King" Nvidia sets record capitalization of 4,500 billion USD, AI race heats up

(Dan Tri) - Nvidia shares have set a new record, helping the chip manufacturing giant's market capitalization surpass the $4,500 billion mark.

Nvidia shares continued to hit a new high on September 30, rising nearly 3% and pushing the chipmaker’s market capitalization past $4.5 trillion. Since the beginning of the year, the stock has risen about 39%, cementing its position at the center of the AI ​​boom.

Last week, OpenAI said Nvidia would take a stake worth up to $100 billion in the AI ​​startup and help build hundreds of billions of dollars worth of data centers with its GPUs.

OpenAI then announced plans with Oracle to build five new super data centers worth about $500 billion, expected to contain hundreds of thousands of GPUs.

Nvidia's stock price has increased sharply recently (Photo: Nvidia).

Nvidia products account for about 70% of the cost of a new AI data center, according to CEO Jensen Huang. Citi analysts raised their price target on Nvidia shares from $200 to $210, citing the prospect of a surge in AI infrastructure spending following OpenAI’s announcement.

“We believe OpenAI is looking to Nvidia because of its superior product offering, given the growing number of users and the need for computing power per user,” Citi analyst Atif Malik said in the report.

Not only OpenAI, other “big guys” like Meta and Google are also speeding up spending money on AI infrastructure. Recently, CoreWeave – a cloud service provider in which Nvidia holds a large stake – announced a $14.2 billion agreement to provide AI infrastructure services to Meta.

Nvidia's stock has outperformed most other large-cap tech companies since the start of the year, behind only Broadcom, a chipmaker that also benefited from OpenAI and is up about 40%.

Source: https://dantri.com.vn/kinh-doanh/vua-chip-nvidia-lap-ky-luc-von-hoa-4500-ty-usd-cuoc-dua-ai-them-nong-20251001161551343.htm