Chipmaker Nvidia on track to become first USD 5 trillion company

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....hipmaker Nvidia on track to become first USD 5 trillion company<BR>PTI News<BR>Dated:- 29-10-2025<BR>PTI<BR>New York, Oct 29 (AP) Nvidia is on track to become the first USD 5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the USD 4 trillion barrier. Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial int....

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....elligence 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 USD 1 trillion, USD 2 trillion and eventually, USD 3 trillion. But there are concerns of a possible AI bubble, with officials at the Bank of Englan....

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....d 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 touched USD 207.80 in premarket trading with 24.3 billion ....

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....shares outstanding, putting its market cap at USD 5.05 trillion. On Tuesday Nvidia CEO Jensen Huang disclosed USD 500 billion in chip orders. The company is also teaming with the Department of Energy to build seven new AI supercomputers. Last month Nvidia announced that it will invest USD 100 billion in OpenAI as part of a partnership that will add at least 10 gigawatts of Nvidia AI data centr....

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....es 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. Multiple media reports state that President Donald Trump is likely to speak with Chinese President Xi Jinping about Nvidia's chips on Thursday. (AP) GRS GRS<BR> News - Press....

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.... release - PIB....