NVIDIA Reaches Historic Valuation
NVIDIA's market value surpassed $5 trillion on Wednesday, with a 3% rise in its share price, making it the first company to cross this threshold.
This milestone reinforces NVIDIA's dominance in the AI semiconductor market, coming just three months after hitting the $4 trillion mark.
NVIDIA expected $500 billion in AI chip orders, as revealed by CEO Jensen Huang.
- NVIDIA plans to build seven new supercomputers for the US government to support advanced AI research.
- A new strategic partnership with Nokia aims to integrate NVIDIA's AI-powered RAN technology into Nokia's portfolio.
The collaboration with Nokia will enable communication service providers to deploy AI-native 5G-Advanced and 6G networks using NVIDIA's computing platforms.
Author's summary: NVIDIA surpasses $5 trillion valuation.