🔗 Share this article Nvidia Reaches World's First Landmark of Turning into a $5 Trillion Corporation Nvidia now stands as the pioneering $5tn firm, just a quarter after this tech leader first broke through the $4tn market value mark. By contrast, Nvidia’s value is greater than the GDP of Japan, India, and the UK, as reported by the International Monetary Fund (IMF). Shortly after US stock markets began trading this Wednesday, Nvidia’s stock touched $207.86 with 24.3bn shares outstanding, placing its market capitalization at $5.05tn. Strong demand for Nvidia’s chips, seen as the top-tier in powering artificial intelligence products and software, is the main reason that the company’s stock price has increased so rapidly from the start of last year. American equities has reached multiple record highs this week, supported by expansive investment in artificial intelligence. Key Developments and Partnerships On Tuesday, Nvidia’s Chief Executive, Jensen Huang, disclosed $500 billion in chip orders. Nvidia also unveiled a collaboration with the ride-hailing service on autonomous taxis and a $1bn investment in Nokia, with the two planning to work together on next-generation networks. In addition, Nvidia is joining forces with the American energy agency to build multiple AI supercomputers. Recently, Nvidia announced that it will commit $100bn in OpenAI as within a partnership that will include at least 10 gigawatts of Nvidia AI datacenters to ramp up the processing capacity for the developer of the AI assistant ChatGPT. In August, Huang said Nvidia was discussing a potential new computer chip designed for the Chinese market with the Trump administration. Donald Trump said on Air Force One that he would speak with the Chinese president, Xi Jinping, about Nvidia’s technology later this week. AI Boom and Market Impact Reaching this milestone puts more emphasis on the transformation being unleashed by an artificial intelligence craze that is widely viewed as the most significant change in technology after the Apple co-founder Steve Jobs introduced the first iPhone 18 years ago. Apple rode the iPhone’s success to emerge as the initial listed firm to be worth $1 trillion, $2 trillion and finally, $3tn. Risks and Warnings But there are concerns of a possible AI bubble, with UK central bank representatives earlier this month pointing out the growing risk that equity values pumped up by the artificial intelligence surge could burst. IMF’s managing director has raised a similar alarm.