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Nvidia (NASDAQ: NVDA) has made history by becoming the first company to achieve a $5 trillion market capitalization on October 25, 2023. This milestone follows a recent partnership with Oracle to develop an AI supercomputer for the U.S. Department of Energy, which contributed to the company’s valuation surge.
Nvidia’s rise to this valuation has also been boosted by potential trade agreements between the U.S. and China, which could reduce geopolitical risks and allow Nvidia to re-enter the lucrative Chinese market. Over the past five years, Nvidia’s stock price has increased by approximately 1,530%, underscoring its dominance in the AI hardware market.
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