Nvidia Nears Historic $5 Trillion Valuation with Massive AI Processor Bookings

Nvidia is almost the first company to reach a $5 trillion valuation, with $500 billion in bookings for AI processors. The company announced building supercomputers for the U.S. Department of Energy. Its stock closed almost 5% higher, with notable activity amidst the U.S.-China trade situation.

Nvidia is on the brink of making history as it approaches a $5 trillion valuation, largely driven by an impressive $500 billion in AI processor bookings. This leap comes after the tech giant revealed plans to construct seven new supercomputers for the U.S. Department of Energy.

The company witnessed its stock rise nearly 5%, adding over $230 billion in market value, settling at $4.89 trillion. Nvidia's CEO, Jensen Huang, lauded U.S. policies under President Donald Trump during a developer conference, coinciding with announcements of new products and strategic partnerships.

Nvidia's advances place it at the forefront of global AI deployment, as it navigates the complexities of the U.S.-China trade tensions. This comes as Nvidia's market cap surpassed $4 trillion in July, highlighting the company's scale in the tech realm alongside Microsoft and OpenAI.

(With inputs from agencies.)