Overview
- Shares rose roughly 3%–5% to about $208–$211, lifting Nvidia’s market capitalization to approximately $5.05–$5.13 trillion and placing it ahead of Microsoft and Apple.
- At its Washington GTC event, CEO Jensen Huang cited about $500 billion in expected AI‑chip orders and plans to build seven supercomputers for the U.S. Department of Energy.
- Nvidia detailed new deals and investments tied to its AI strategy, including work with Uber on robotaxis, a $1 billion stake in Nokia for 5G/6G, and a reported $100 billion commitment to OpenAI to add at least 10 GW of AI data centers.
- President Donald Trump said he will discuss Nvidia’s Blackwell chip with China’s Xi Jinping and praised the technology, a signal investors view as potentially easing export limits to China.
- Major U.S. indexes hit record highs as Nvidia shares climbed more than 50% year to date, even as IMF and Bank of England officials warn of AI‑driven valuation risks; Nvidia reports results on November 19.