U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
Nvidia’s share price climbed over 4% to 210.80 dollars on Tuesday, pushing its total market capitalisation to 5.1 trillion dollars.
The milestone cements Nvidia’s dominance in the global technology sector, ahead of Microsoft and Apple, valued at 4.03 trillion and 4 trillion dollars respectively.
At a company event held yesterday, Nvidia Chief Executive Jensen Huang unveiled a series of new breakthroughs in artificial intelligence.
The company announced plans to build seven AI supercomputers in collaboration with the U.S. Department of Energy and expects AI chip orders worth 500 billion dollars.
Nvidia also revealed a 1 billion dollar investment in Finnish telecom giant Nokia and confirmed partnerships with major firms including Palantir Technologies, Uber, Eli Lilly and Oracle.
Nokia shares soared on Tuesday after it announced that chipmaker Nvidia will acquire a $1 billion stake in the company.
The Finnish firm said it will issue more than 166 million new shares, with the proceeds earmarked to support its artificial intelligence initiatives and other corporate purposes.
The two companies have also agreed on a strategic partnership to jointly develop next-generation 6G technology.
They will collaborate on AI networking solutions and explore opportunities to integrate Nokia’s data centre switching and optical technologies into Nvidia’s future AI infrastructure.
The company’s meteoric rise reflects the explosive global demand for AI chips, which has seen Nvidia’s valuation surge from 2 trillion dollars in February last year to 3 trillion in June and 4 trillion in July.
With this achievement, Nvidia has not only set a new record in the technology world but also reinforced its position as the driving force behind the ongoing AI revolution.
Pope Leo addressed a gathering of prominent Hollywood actors and filmmakers at the Vatican on Saturday, expressing concern over the struggles facing c...
Azerbaijani President Ilham Aliyev has arrived in Uzbekistan at the invitation of President Shavkat Mirziyoyev to attend the 7th Consultative Meeting ...
Chileans are heading to the polls on Sunday for a presidential election, marking the first mandatory vote since 2012. Around 15–16 million citizens ...
At least nine people were killed and nearly thirty others injured after confiscated explosives accidentally detonated inside a police station in Nowga...
The United States, Qatar, Egypt, the United Arab Emirates, Saudi Arabia, Indonesia, Pakistan, Jordan and Türkiye have issued a joint statement suppor...
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
As competition over artificial intelligence intensifies, U.S. tech leaders are warning that China’s rapid state-backed progress could soon outpace the West, raising concerns that America is losing its technological edge.
Nvidia has announced a major partnership with the South Korean government and top companies to strengthen the country’s artificial intelligence capabilities by supplying hundreds of thousands of its advanced GPUs.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
MrBeast, the world’s most popular YouTuber, has officially launched his first theme park, Beast Land, in Riyadh, Saudi Arabia.
A Türkiye-registered Air Tractor AT-802F crashed in western Croatia on Thursday, killing the pilot, local authorities and media reported.
President of the Republic of Azerbaijan, Ilham Aliyev, received a delegation from the U.S. Church of Jesus Christ of Latter-day Saints in Baku on Thursday, 13 November.
Britain’s King Charles III marks his 77th birthday. Unlike his predecessors, King Charles treats his actual birthday, on 14 November, as his main moment of reflection. This year, King Charles visited Wales—a decision that coincides with the overall spirit of his first three years on the throne.
Walt Disney is bracing for a potentially long and contentious battle with YouTube TV over the distribution of its television networks, a development that has raised concerns among investors about the future of its already struggling television business.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
Visa and Mastercard announce a $38 billion settlement with merchants over high swipe fees, including fee reductions, surcharges options, and eight-year caps on standard consumer cards, resolving a 20-year antitrust battle.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment