TLDR
- Nvidia became the first company in history to reach a $5 trillion market valuation, with shares trading above $210
- The company announced partnerships with the Department of Energy for seven new supercomputers and deals with Uber for self-driving cars
- CEO Jensen Huang projects $500 billion in GPU sales through the end of 2026, compared to just over $100 billion in the first half of this year
- President Trump’s comments about a potential meeting with Huang regarding Blackwell chip exports to China helped boost the stock
- Nvidia’s market value has increased by $2.73 trillion since early April, making it larger than Germany’s entire GDP
Nvidia crossed into uncharted territory on Wednesday. The company became the first in history to be valued above $5 trillion.
Shares rose as much as 3.4% at the market open. This pushed the chip maker’s market capitalization past the historic threshold.
The rally follows a 5% jump on Tuesday. That surge came after a series of major announcements at the company’s GTC event in Washington, D.C.
At a current share price above $210, Nvidia is valued at $5.12 trillion. That’s larger than the gross domestic product of every country except the United States and China.
Germany’s expected nominal GDP sits at $5.01 trillion. Nvidia is now worth more than that entire economy.
President Trump’s comments on Wednesday added fuel to the rally. He told reporters he would be meeting with CEO Jensen Huang to discuss Blackwell chips.
Bloomberg reported these chips could potentially win approval for export to China. This is a big deal for Nvidia’s revenue prospects.
In its most recent quarterly report on August 27, Nvidia reported zero sales of its H20 chips to China. The White House struck a deal in July allowing H20 chip exports to China in exchange for a 15% revenue cut.
Nvidia said that arrangement hasn’t been formalized yet. The potential for China sales remains a question mark.
Major Partnership Announcements Drive Growth
Tuesday’s GTC event delivered a parade of new deals. Nvidia revealed it’s working with the Department of Energy to build seven new supercomputers.
One of these systems will use 10,000 Blackwell GPUs. That’s a massive order for the company’s latest chip architecture.
The company also announced a partnership with Uber to build a fleet of self-driving cars. Drugmaker Eli Lilly agreed to purchase 1,000 GPUs.
Nokia signed on to help develop next-generation 6G cellular technology. Palantir and Oracle both announced tie-ups with Nvidia.
Telecom partnerships include Cisco and T-Mobile for 6G wireless buildout. Amazon, Foxconn, Caterpillar, and Belden are using Nvidia’s AI technology for robotics initiatives.
The company also launched Nvidia NVQLink. This open systems architecture aims to accelerate quantum supercomputer development with partners like Rigetti and IonQ.
Projected Revenue Growth and Market Position
CEO Jensen Huang made a striking projection during his Tuesday keynote. The company expects to realize $500 billion in GPU sales through the end of 2026.
That’s a huge jump from current levels. Nvidia’s total revenue tallied just over $100 billion in the first two quarters of this year.
The stock has gained over 50% in 2025. It’s more than doubled from April lows reached after Trump’s “Liberation Day” tariff announcements.
The market value has climbed $2.73 trillion since early April. That growth reflects intense demand for AI chips.
Major tech companies are buying Nvidia’s GPUs as fast as possible. Amazon, Google, Microsoft, Meta, Oracle, and OpenAI are all customers.
They’re racing to build vast data centers. These facilities power their AI ambitions.
Nvidia has invested up to $100 billion in OpenAI. OpenAI is also one of its most important customers.
Competition in the AI chip space is growing. Rival AMD signed a deal with OpenAI for up to 6 gigawatts worth of AI processors.
AMD also inked a separate deal with Oracle for 50,000 GPUs. Qualcomm announced it’s entering the AI data center market with its own accelerator chips.
Amazon, Google, and Microsoft are developing their own AI chips. They’re reducing dependence on Nvidia’s products.
Nvidia stock traded at $210.37 as of Wednesday morning. The company remains the world’s most valuable publicly traded company.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
