Nvidia Nears $5 Trillion Valuation as AI Boom Fuels Record-Breaking Rise

October 29 : Nvidia is on the brink of becoming the world’s first company to reach a $5 trillion market valuation, solidifying its position at the heart of the global artificial intelligence revolution.

Shares of the Santa Clara-based chipmaker surged 3.6% in premarket trading after a series of major announcements underscored its dominance in AI technology. CEO Jensen Huang revealed that Nvidia has received $500 billion in AI chip orders and plans to build seven new supercomputers for the U.S. government.

The milestone comes just three months after Nvidia crossed the $4 trillion mark, a feat that cements its transformation from a niche graphics card producer into the core infrastructure provider of the AI era.

President Donald Trump is also expected to discuss Nvidia’s Blackwell chip with Chinese President Xi Jinping during his Asia visit this week — a sign of Nvidia’s critical role in the U.S.-China tech rivalry.

Nvidia’s current valuation would surpass the entire global cryptocurrency market and amount to roughly half the value of Europe’s Stoxx 600 index. Its stock has skyrocketed nearly 1,200% since the launch of OpenAI’s ChatGPT three years ago — dwarfing the S&P 500’s 69% gains during the same period.

“Even as rivals try to diversify, Nvidia’s dominance in AI will remain unshaken for years,” said Brian Colello, senior equity analyst at Morningstar.

At current market prices, Jensen Huang’s stake in Nvidia is worth $177.4 billion, making him the eighth-richest person in the world, according to Forbes. Born in Taiwan and raised in the U.S., Huang co-founded Nvidia in 1993 and has since guided it to global leadership with processors like the H100 and Blackwell, which power systems such as ChatGPT and Elon Musk’s xAI.

Although Apple and Microsoft have also crossed $4 trillion valuations, Nvidia remains the undisputed AI powerhouse, with unmatched demand for its processors.

Nvidia’s rise has also made it a key player in geopolitical strategy. The company faces export restrictions amid Washington’s push to curb China’s access to advanced AI chips. During Nvidia’s developer conference, Huang balanced praise for Trump’s “America First” policies with a warning that excluding China could limit access to half the world’s AI talent.

Nvidia is expected to report its next quarterly earnings on November 19, with analysts predicting another blockbuster result.