Overview
- Nvidia closed at about $5.03 trillion in market value on Oct. 29, becoming the first public company to reach the $5 trillion mark.
- CEO Jensen Huang said the company has visibility into more than $500 billion in AI chip orders through 2026, citing demand for Blackwell and the upcoming Rubin architecture.
- Nvidia announced plans to build seven supercomputers for the U.S. government and unveiled new industry partnerships, including a $1 billion deal with Nokia plus collaborations with OpenAI, Oracle and Eli Lilly.
- Analysts flagged concentration risk as Nvidia’s surge contributed to nearly a fifth of the S&P 500’s gains this year, underscoring the market’s reliance on AI-driven chip demand.
- Jensen Huang’s fortune climbed to roughly $179–182 billion on real-time billionaire indices as Nvidia’s shares advanced to the new milestone.