With NVIDIA rising 11% in a week, it is a good time to reassess its position against its competitors. Regularly evaluating alternatives is fundamental to a robust investment strategy.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) has become the first company in history to reach a market value above $5 trillion, extending its lead as the biggest beneficiary of the global artificial intelligence boom. Shares of the chipmaker jumped as much as 3.4% at the market open, lifting its market capitalization past the $5 trillion mark for the first time.
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.
The milestone underscores the company's swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, turning Jensen Huang into a Silicon Valley icon.
NVIDIA inches closer to the $5-trillion market-cap mark. Play the AI chip boom via ETFs SHOC, SMH, SMHX, SOXY & SEMI.
Nvidia (NVDA) became the first company to ever achieve a market capitalization of $5 trillion as its stock surged in early trading Wednesday.
More than 44,000%. That's how much Nvidia's stock has climbed over the last decade, outpacing the Nasdaq (up 420%) and S&P 500 (263%) over the same period.
As Nvidia (NASDAQ: NVDA) stock continues to make history as the first company to hit a $5 trillion market cap, insights from OpenAI's ChatGPT suggest the semiconductor giant is likely to double this value in the coming years.
Nvidia Corp.'s (NASDAQ: NVDA) market cap was the first to cross $4 trillion.
The company's shares have been boosted by the AI boom and a flurry of new deals.
NVIDIA (Nasdaq: NVDA) shares jumped 4.98% yesterday, a fairly remarkable jump for a $4.9 trillion company that pushed NVIDIA shares past the $200 barrier.
Chipmaker Nvidia is poised to become the world's first $5 trillion company. As Bloomberg News noted in a report Wednesday (Oct. 29), shares of the company climbed as much as 3.5% to $208.05 in premarket trading, putting the stock on pace to reach a market valuation of a little more than $5 trillion.