NVIDIA market value exceeded 5 trillion dollars
The American technology company NVIDIA has achieved a historic result in the global financial market. This was reported by Zamin.uz.
The company became the first public corporation in the world with a market value exceeding 5 trillion dollars. This achievement was made possible by a sharp rise in the company's stock price on the NASDAQ exchange.
On October 29, NVIDIA's stock price reached a record high of 207.68 dollars per share. As a result, the company's total market value reached 5.05 trillion dollars.
Since the beginning of this year, the company's value has increased by more than 50 percent. This success is mainly related to the growing demand for artificial intelligence technologies.
In particular, the need for processors required for projects like OpenAI's ChatGPT has significantly increased. According to NVIDIA's CEO Jensen Huang, the company has received orders worth 500 billion dollars for artificial intelligence chips.
It was also announced that the company plans to build seven advanced supercomputers for the US government. This project once again confirms NVIDIA's strategic importance at the national level.
The company's name is derived from the Latin word "invidia," meaning "envy." By choosing this name, the founders intended to reflect their goal of inspiring envy among competitors with their technological achievements.
Additionally, statements by former US President Donald Trump also had a positive impact on NVIDIA's stock price. Trump expressed his intention to discuss Blackwell artificial intelligence processors developed by NVIDIA with Chinese leader Xi Jinping.
He also confirmed that he is planning a personal meeting with the company's CEO Jensen Huang. These events demonstrate that artificial intelligence technologies are gaining significant importance not only in technological development but also in international politics.
