🔗 Share this article The Tech Giant Hits World's First Landmark of Becoming a $5 Trillion Corporation Nvidia has become the pioneering $5tn firm, just a quarter after this tech leader initially surpassed the $4 trillion market value mark. In comparison, Nvidia’s value is greater than the GDP of Japan, India, and the UK, as reported by the International Monetary Fund (IMF). Shortly after American exchanges opened on Wednesday, Nvidia’s shares reached $207.86 with 24.3bn available shares, placing its market capitalization at $5.05tn. Ravenous appetite for Nvidia’s chips, seen as the top-tier in driving AI software and tools, is the main reason that the share value has increased so rapidly from the start of last year. The wider US stock market has hit multiple record highs this week, buoyed up by expansive investment in artificial intelligence. Major Announcements and Strategic Moves On Tuesday, Nvidia’s Chief Executive, Jensen Huang, disclosed $500 billion in chip orders. The company also unveiled a partnership with Uber on robotaxis and a $1bn funding in Nokia, with the two planning to cooperate on 6G technology. Furthermore, Nvidia is teaming with the US Department of Energy to build multiple advanced computing systems. Recently, Nvidia announced that it will invest $100 billion in an AI research organization as within a partnership that will add at least 10GW of Nvidia AI datacenters to boost the computing power for the developer of the artificial intelligence chatbot ChatGPT. This past summer, Huang mentioned Nvidia was exploring a potential new processor tailored to the Chinese market with the former U.S. government. Donald Trump remarked on Air Force One that he would discuss with the China's leader, Xi Jinping, about Nvidia’s chips on Thursday. Tech Surge and Economic Significance Hitting the new benchmark puts more emphasis on the upheaval caused by an artificial intelligence craze that is widely viewed as the most significant change in technology since the Apple co-founder Steve Jobs introduced the first iPhone nearly two decades back. The tech giant capitalized on the smartphone’s popularity to become the first publicly traded company to be valued at $1 trillion, $2tn and eventually, $3tn. Potential Concerns But there are concerns of a potential tech bubble, with UK central bank representatives earlier this month pointing out the growing risk that equity values pumped up by the AI boom could burst. IMF’s managing director has raised a similar alarm.