NVIDIA became the first company in history to exceed a market value of $5 trillion. The company's shares jumped after President Donald Trump met with NVIDIA CEO Jensen Huang to discuss technology and AI development.
Forbes reports that NVIDIA shares rose 3.4% at the opening of the American market, allowing the company's capitalization to exceed $5 trillion for the first time in history. Previously, in 2023, the corporation had already reached the $1 trillion mark.
Analysts note that the increase in share value is largely due to investor optimism regarding NVIDIA's sales prospects in China after the meeting with Trump. The conversation itself, reportedly, took place in a friendly atmosphere, and both leaders expressed positive opinions of each other, which may have influenced the market.
In the latest quarterly report from August 27, NVIDIA indicated that it had not implemented shipments of previous-generation H20 chips to China. In July, the White House announced a deal with NVIDIA, allowing the export of H20 chips to China with a condition of a 15% share in revenue. The company clarified that the agreement has not yet been officially оформлено.
NVIDIA is also strengthening cooperation with the US government: 100,000 Blackwell architecture GPUs are being used to create supercomputers designed for AI development.
