NVIDIA became the first company in history to surpass a $5 trillion market valuation. Its shares jumped after a meeting between President Donald Trump and NVIDIA CEO Jensen Huang, during which the leaders discussed the development of technology and artificial intelligence.
Forbes reports that NVIDIA shares rose 3.4% at the U.S. market open, pushing the company’s market capitalization past the $5 trillion mark for the first time. The firm had previously reached the $1 trillion milestone in 2023.
Analysts say the surge was largely driven by investor optimism about NVIDIA’s sales prospects in China following the meeting with President Trump. The discussion was reportedly cordial, and both executives spoke favorably of one another—comments that may have bolstered market sentiment.
In its most recent quarterly report, dated August 27, NVIDIA noted that shipments of the prior-generation H20 chips to China had not been completed. In July, the White House announced an agreement with NVIDIA permitting H20 exports to China subject to a 15% revenue-sharing condition. The company clarified that the arrangement has not yet been formally finalized.
NVIDIA is also deepening its collaboration with the U.S. government: 100,000 GPUs based on the Blackwell architecture will be deployed to build supercomputers intended to advance AI research and development.
Source: iXBT.games