"Nvidia made history Wednesday, becoming the world's first company to reach a $5 trillion market capitalization as shares surged more than 3% in early trading. The milestone cements the chipmaker's position as the most valuable company globally, pulling ahead of Microsoft and Apple, which are each valued at approximately $4 trillion. The surge followed remarks from CEO Jensen Huang at the company's GTC developer conference in Washington, D.C., on Tuesday, where he disclosed Nvidia has secured more than $500 billion in orders"
"The potential for expanded access to China's market added momentum to Wednesday's gains. President Donald Trump said aboard Air Force One he planned to discuss Nvidia's Blackwell chip with Chinese President Xi Jinping during their meeting Thursday in Busan, South Korea. Trump praised the Blackwell processor as "super-duper" and said it is "probably 10 years ahead of any other chip." The discussion carries significant implications for Nvidia, which has been effectively locked out of China-previously one of its largest markets-owing to U.S. export controls and Chinese government restrictions. Huang confirmed earlier in October the company's market share in China had fallen from 95% to zero. The loss has cost Nvidia billions in revenue, with the company reporting only $2.8 billion from China in its most recent quarter, down from $15.5 billion in the prior period."
Nvidia became the first company to reach a $5 trillion market capitalization as shares rose more than 3%, surpassing Microsoft and Apple at about $4 trillion each. CEO Jensen Huang disclosed more than $500 billion in orders for Nvidia's AI chips through the end of 2026, covering current Blackwell and upcoming Rubin processors, providing unprecedented visibility into future revenue. U.S. President Donald Trump said he planned to discuss the Blackwell chip with Chinese President Xi, and praised the processor as "super-duper" and a decade ahead. Nvidia's access to China had fallen from 95% market share to zero, cutting China revenue from $15.5 billion to $2.8 billion in the most recent quarter.
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