Nvidia Is Now Worth $5 Trillion as It Consolidates Power in A.I. Boom

[mahatmakanejeeves]

Last edited Thu Oct 30, 2025, 07:51 AM - Edit history (1)

Source: New York Times

Nvidia Is Now Worth $5 Trillion as It Consolidates Power in A.I. Boom

The A.I. chip maker has become a linchpin in the Trump administration's trade negotiations in Asia.

By Tripp Mickle
https://www.nytimes.com/by/tripp-mickle
Reporting from Washington
Oct. 29, 2025
Updated 6:12 p.m. ET

As Jensen Huang, the chief executive of the chip making giant Nvidia, traveled to Asia to meet with President Trump on Wednesday, his company's value topped $5 trillion. It was a show of wealth that would have been unthinkable a few years ago.

But that was before the ChatGPT chatbot ignited an artificial intelligence boom that is remaking the global economy. It was before other tech titans began spending hundreds of billions of dollars on construction projects on almost every continent. And it was before Nvidia's computer chips, the most essential and expensive component in almost every A.I. scheme, became a linchpin of the Trump administration's foreign policy.

Nvidia's milestone, making it the first publicly traded company to top $5 trillion in market value, is indicative not only of the astonishing levels of wealth consolidating among a handful of Silicon Valley companies but also the strategic importance of this company, which added $1 trillion in market value in just the past four months.

Nvidia has become a driving force behind the U.S. economy. Spending on data centers, which are filled with the company's chips, accounted for 92 percent of the country's gross domestic product growth in the first half of the year, according to Jason Furman, a professor of economic policy at Harvard. Without it, the economy would have grown 0.1 percent.

{snip}


Spending on data centers, which are filled with Nvidia chips, was a driving force behind the U.S. economic growth this year. Eric Lee for The New York Times

{snip}

A correction was made on Oct. 29, 2025: An earlier version of this article misstated when OpenAI released its ChatGPT chatbot. It was late 2022, not late 2023.

When we learn of a mistake, we acknowledge it with a correction. If you spot an error, please let us know at [e-mail] more

When we learn of a mistake, we acknowledge it with a correction. If you spot an error, please let us know at [e-mail] more

Tripp Mickle reports on some of the world's biggest tech companies, including Nvidia, Google and Apple. He also writes about trends across the tech industry like layoffs and artificial intelligence.
https://www.nytimes.com/by/tripp-mickle



Read more: https://www.nytimes.com/2025/10/29/technology/nvidia-value-market-ai.html

[Klarkashton]

1. Tulips

[Irish_Dem]

2. A house of cards ready to fall.

[Polybius]

3. Any chance Jensen Huang will surpass Elon Musk?

He's at 174.4 billion now.

[fujiyamasan]

6. Not likely

Nvidia stock diluted considerably since he founded the company and it’s largely owned by institutions like vanguard. He owns about 3-4% of shares outstanding.

[somsai]

4. this past week Apple passed the 4T mark, and the week before it was Microsoft

The three biggest companies in the world as far as market cap are US tech.

The current bottleneck seems to be rare earths and my fear is that in return for keeping the trade in rare earths open Trump will give away the Nvidia latest generation chips. To China. Trump likes the market and it's short term time horizon.

[Celerity]

12. Microsoft first crossed the $4 trillion mark in market cap on 31 July 2025

https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization

[Basso8vb]

5. Scraped off the backs of their workers.

They also lay off contract workers right before their quarterly earnings calls. This is how they steal from us.

[fujiyamasan]

7. The company probably generated more millionaires than any other

Nvidia employees are given very generous stock options.

Contract workers are always temporary or contingent.

[ForgoTheConsequence]

11. Why is there always someone that needs to white knight for the billionaire predatory class?

[Javaman]

8. buy short. nt

[onenote]

9. It probably goes without saying that no one should short buy/sell NVIDIA without talking to a professional

NVIDIA is not a very good candidate for a a short buy/sell given that it is still considered a strong buy candidate and the costs and risks of short selling are considerable, including the costs of a margin account, commissions, and capital gains taxes.

[Miguelito Loveless]

10. Here's the bottom line about the whole AI "industry"

If it is a bubble it will rain apocalyptic destruction on the world economy. If AI is the real deal it will rain apocalyptic destruction on the world economy by destroying the labor force.