NVIDIA has become the first public company in history to exceed a market capitalization of $5.5 trillion. During trading on May 13, shares of the AI chip manufacturer rose by nearly 3%, setting an absolute record on the global stock market. This is reported by Ixbt.com reports .
The growth was driven by reports that NVIDIA CEO Jensen Huang joined the delegation during US President Donald Trump's visit to China. Investors expect positive outcomes from the negotiations with Chinese leader Xi Jinping during this visit.
Currently, NVIDIA clearly outperforms tech giants like Google ($4.7 trillion) and Apple ($4.3 trillion) in market value. The company's shares have grown by 20% in a month and by 74% year-on-year.
Jensen Huang's personal wealth also increased by $5.4 billion, reaching $196 billion. This places him among the world's richest people, alongside Mark Zuckerberg and Larry Ellison.
Market participants expect demand for AI infrastructure to continue rising. Massive investments in AI by major IT companies like Meta remain the primary factor driving demand for NVIDIA products.
Read “Zamin” on Telegram!
