Nvidia Smashes $5 Trillion Mark, Cementing Its AI Dominance

Published 1 week ago Positive
Nvidia Smashes $5 Trillion Mark, Cementing Its AI Dominance
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This article first appeared on GuruFocus.

Nvidia (NASDAQ:NVDA) just rewrote history again, becoming the first company ever to reach a $5 trillion market cap after shares climbed 4.5% Wednesday morning to hit $5.1 trillion. The feat caps one of the most extraordinary market runs in modern history, Nvidia was worth just $10 billion a decade ago, crossed $1 trillion in May 2023, $2 trillion by March 2024, $3 trillion that June, and $4 trillion this past July.

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Its rise has been fueled by insatiable demand for its GPU systems, now the must-have hardware powering AI infrastructure across hyperscalers and data centers worldwide. At this week's GTC DC event, CEO Jensen Huang said Nvidia has visibility into half a trillion in sales for its Grace Blackwell and Vera Rubin platforms through 2026.

New partnerships with Palantir, Nokia, the U.S. Department of Energy, and several quantum firms are only expanding its dominance. Nvidia isn't just riding the AI wave, it's shaping it.

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