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		AI chipmaker Nvidia is the first $5 trillion company
		[October 30, 2025]  By 
		MICHELLE CHAPMAN 
		Nvidia has become the first $5 trillion company, just three months after 
		the Silicon Valley chipmaker was first to break through the $4 trillion 
		barrier.
 Hitting the new benchmark puts more emphasis on the upheaval being 
		unleashed by an artificial intelligence craze that’s widely viewed as 
		the biggest tectonic shift in technology since Apple co—founder Steve 
		Jobs unveiled the first iPhone 18 years ago. Apple rode the iPhone’s 
		success to become the first publicly traded company to be valued at $1 
		trillion, $2 trillion and eventually, $3 trillion.
 
 But there are concerns of a possible AI bubble, with officials at the 
		Bank of England earlier this month flagging the growing risk that tech 
		stock prices pumped up by the AI boom could burst. The head of the 
		International Monetary Fund has raised a similar alarm.
 
 The ravenous appetite for Nvidia’s chips is the main reason that the 
		company’s stock price has increased so rapidly since early 2023. On 
		Wednesday the shares closed at $207.04 with 24.3 billion shares 
		outstanding, putting its market cap at $5.03 trillion.
 
		
		 
		In comparison, Nvidia's value is greater than the GDP of India, Japan 
		and the United Kingdom, according to the International Monetary Fund.
 Nvidia carved out an early lead in tailoring its chipsets known as 
		graphics processing units, or GPUs, from use in powering video games to 
		helping to train powerful AI systems, like the technology behind ChatGPT 
		and image generators. Demand skyrocketed as more people began using AI 
		chatbots. Tech companies scrambled for more chips to build and run them.
 
 Nvidia CEO Jensen Huang has downplayed concerns of a bubble bursting, 
		saying that the generative AI chatbots that were merely “interesting” 
		when they first took hold a few years ago are now becoming so useful 
		that they will be profitable.
 
 Huang was heading to South Korea this week as leaders from major Pacific 
		Rim economies, including the United States, China and Japan, are 
		gathering for the annual Asia-Pacific Economic Cooperation summit that 
		has long championed free trade but is now confronting sweeping U.S. 
		tariffs on technology and other products.
 
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			 The multilateral gathering in 
			Gyeongju is expected to be overshadowed by a sideline event — a 
			face-to-face meeting on Thursday between Trump and Chinese leader Xi 
			Jinping — as their intensifying trade war leaves the South Korean 
			hosts in a difficult balancing act.
 On Tuesday, Huang disclosed $500 billion in chip orders. The company 
			also announced a partnership with Uber on robotaxis and a $1 billion 
			investment in Nokia, with the two planning to work together on 6G 
			technology.
 
 In addition, Nvidia is teaming with the Department of Energy to 
			build seven new AI supercomputers.
 
 Last month Nvidia announced that it will invest $100 billion in 
			OpenAI as part of a partnership that will add at least 10 gigawatts 
			of Nvidia AI data centers to ramp up the computing power for the 
			owner of the artificial intelligence chatbot ChatGPT.
 
 In August, Huang said that Nvidia was discussing a potential new 
			computer chip designed for China with the Trump administration. 
			Trump said on Air Force One that he will speak with Xi about 
			Nvidia's chips on Thursday on the sidelines of the APEC event that 
			Huang is also attending.
 
 In August, Trump announced a deal with chipmakers Nvidia and AMD to 
			lift export controls on sales of advanced chips to China in exchange 
			for a 15% cut of the revenue, despite concerns from national 
			security experts that such chips will end up in the hands of Chinese 
			military and intelligence services. That same month, Trump announced 
			that the U.S. government had taken a 10 percent stake in Intel worth 
			around $11 billion.
 
 Then, Nvidia announced last month that it’s investing $5 billion in 
			Intel and will collaborate with the struggling semiconductor 
			company.
 
			
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