American chip manufacturer NVIDIA has opened a new chapter in global financial history. It became the world’s first public corporation with a market value exceeding $5 trillion.
This historic achievement was brought about by a rise in share prices on the NASDAQ exchange. On Wednesday, October 29, NVIDIA shares reached a record high of $207.68 per share.
This brought the company’s market value to $5.05 trillion. Since the beginning of this year, the company’s value has increased by more than 50 percent.
This success is linked to the sharp rise in demand for processors needed for artificial intelligence systems, including OpenAI’s ChatGPT project. CEO Jensen Huang recently announced that the company had received $500 billion in orders for its artificial intelligence chips.
In addition, he announced plans to build seven modern supercomputers for the needs of the US government. This further confirms the company’s strategic significance to the state.
The name NVIDIA comes from the Latin word “invidia,” which means “envy.” The founders chose this name to reflect their intention to inspire envy among competitors through technology creation.
Also, recent statements by US President Donald Trump had an additional positive impact on NVIDIA shares. He announced his intention to discuss NVIDIA’s Blackwell artificial intelligence processors with Chinese leader Xi Jinping.
Trump also confirmed that he is planning a personal meeting with Jensen Huang. These events demonstrate that artificial intelligence technologies are important not only in the field of technology but also in international politics.
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