Nvidia, the first company worth more than five trillion dollars
The producer of chips for artificial intelligence is the most valuable company in the world
BarcelonaUS tech giant Nvidia has become the first company in the world to reach a market capitalization of $5 trillion (€4.28 trillion). This consolidates its position as the most valuable publicly traded company of all time, amid expectations regarding the potential impact on its artificial intelligence chip business of the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping. The world is also awaiting the group's earnings report, due to be released in mid-November.
Shares of the microprocessor manufacturer, which closed Tuesday's session at $201.03 – leaving the company's value slightly below $5 trillion – rose as much as 5.19% to $21.29 (€4.4 trillion) shortly after the opening of Wall Street. The company's upward trajectory appears unstoppable. This summer it already grabbed all the headlines because it surpassed three trillion dollars in market capitalization.
This development comes the day after Microsoft will surpass the $4 trillion mark Following the consolidation of its alliance with OpenAI, which has become a company and in which it will hold a 27% stake, Apple's valuation has also reached four trillion dollars.