Nvidia valuation reaches $5 trillion

The value of Nvidia’s stock has increased significantly in recent years, largely due to the high demand for its AI chips.

According to Reuters, another milestone was passed during Wednesday’s trading on the Nasdaq stock exchange, as Nvidia became the first company to be valued at $5 trillion.

The previous milestone, $4 trillion, was passed as recently as July.

Nvidia’s surge means that the company now has a substantial lead over Microsoft ($4,025 billion), Apple ($4,002 billion), Alphabet ($3,324 billion), Amazon ($2,456 billion) and Meta ($1,888 billion).

More Nvidia news:

Cisco, Nvidia strengthen AI ties with new data center switch, reference architectures

Nvidia looks to power AI factory networks

Nvidia, Infineon partner for AI data center power overhaulGenAI can save employees 7.5 hours a week — survey – ComputerworldRead More