AI Chipmaker Nvidia Is the First $5 Trillion Company

Nvidia, the first company to reach a five trillion dollar valuation, has seen its stock skyrocket due to the surging demand for its powerful chips, which are now the backbone of generative AI technology. While some investors fear an AI bubble, Nvidia's CEO remains unconcerned. The company is set to invest one hundred billion dollars in OpenAI, building at least ten gigawatts of AI data centers, and has secured over five hundred billion dollars in chip orders. Amidst these developments, Nvidia's CEO is set to meet with tech and political leaders in South Korea, as tensions between the US and China over technology and trade remain high. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.