Nvidia’s $5 Trillion Valuation Redefines What ‘Big’ Tech Means
It’s Jensen Huang’s world. We just live in it.
Photographer: Kent Nishimura/Bloomberg
On Wednesday, just 112 days after becoming the first $4 trillion company, Nvidia Corp. became the first $5 trillion company.
It’s worth is more than 8% of the S&P 500, but that’s just the start of it — the AI boost to the markets is built almost entirely off the back of use cases developed on Nvidia chips. The AI strategies of the biggest tech companies, like Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and others, rest on their ability to hurriedly acquire and deploy Nvidia’s hardware in their data centers. While some rivals are trying to develop their own alternatives, notes analyst group Wedbush, “there is only one chip in the world fueling this AI Revolution … and it’s Nvidia.”