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Nvidia Hits $5 Trillion as South Korea Commits to 260,000 Blackwell GPUs

The chipmaker’s valuation milestone reflects its role as the backbone of a global AI buildout anchored by Blackwell systems.

Overview

  • Jensen Huang detailed a plan at the APEC summit in Gyeongju for South Korea to deploy 260,000 Blackwell GPUs to power national AI factories and cloud infrastructure.
  • Samsung, SK Group, and Hyundai will each build data centers with up to 50,000 GPUs, while Naver Cloud will deploy more than 60,000 units.
  • South Korea’s Ministry of Science and ICT will allocate 50,000 GPUs to a sovereign AI platform focused on Korean‑language large language models.
  • Nvidia’s market capitalization reached $5 trillion after rising from $4 trillion in roughly three months, underscoring investor confidence in Blackwell demand and ecosystem deals.
  • Nvidia and TSMC reported the first Blackwell wafer produced in Arizona as large projects progress, including Solstice with Oracle and the U.S. Department of Energy using 100,000 GPUs and a 10‑GW systems deployment agreement with OpenAI.