That didn’t take long. Nvidia was the first company to pass a $4 trillion valuation, and now, less than six months later, it has sped past the $5 trillion mark.
The new milestone was crossed yesterday when the company’s stock value reached a new high of just over $211 (R3,650) per share, reseating the high-water mark that folks like Apple, Amazon, Google, and Microsoft now find themselves chasing. Whether it deserves its valuation is an argument for another time.
Nvidia: They are trillions
Nvidia’s 5% increase in value is driven by, you guessed it, ongoing AI purchases, but there are a few other recent factors as well. The Verge points out that the latest surge was preceded by Jensen Huang’s company announcing a buy-up of $1 billion in Nokia shares. The move and attached partnership will help Nokia to build AI-adjacent network technology.
Also at least partly responsible for the stock market bump was news that America’s president, Donald Trump, would be discussing Nvidia’s new Blackwell chips with China’s president, Xi Jinping. Since the stock market relies less on tangible evidence and more on vibes, these recent events were enough to spur the GPU maker’s rise to unexplored heights.
If it turns out that AI is indeed a bubble, at least Nvidia will have had a wild ride before everything explodes.
