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NVIDIA is on the verge of making history as it approaches a staggering $5 trillion market valuation. Hence, solidifying its dominance at the heart of the global artificial intelligence revolution. NVIDIA share price jumped 3.6% in premarket trading on October 29, driven by new AI partnerships and strong investor confidence in the booming sector.
NVIDIA CEO Jensen Huang confirmed that the company has received $500 billion in orders for AI chips and would be partnering with the US Government to build seven supercomputers. These steps indicate a further expansion of NVIDIA's role as the backbone of the AI infrastructure globally. Additionally, in terms of its geopolitical importance, there are reports that President Donald Trump will be discussing NVIDIA's Blackwell Chip with Chinese President Xi Jinping, which demonstrates NVIDIA's strategic position in the US-China technology rivalry.
Just three months after surpassing $4 trillion in value, NVIDIA’s rapid climb underscores its transformation from a niche graphics card maker into a cornerstone of modern AI computing. Its current valuation rivals half of the pan-European Stoxx 600 index and even exceeds the total capitalization of the cryptocurrency market.
NVIDIA share price chart on TradingView shows gains of 4.98% as of 7 PM IST:
Since the launch of ChatGPT by OpenAI almost three years ago, NVIDIA's shares have increased nearly twelve times, significantly surpassing the S&P 500's increase of 69% over the same time frame. Observers mention that while Microsoft and Apple have also reached the $4 trillion growth stage, NVIDIA remains the overwhelming frontrunner in chip technology.
CEO Jensen Huang, who co-founded NVIDIA in 1993, now holds a personal stake valued at around $177 billion, making him one of the world’s richest individuals. Under his leadership, NVIDIA’s H100 and Blackwell processors have become essential to training large language models used by companies such as OpenAI and xAI.
Despite concerns that valuations may be overheating, most analysts agree NVIDIA’s dominance is unlikely to be displaced soon. The company’s influence also makes it a key factor in broader market movements through its heavy weighting in major indices like the S&P 500 and Nasdaq 100.
NVIDIA’s meteoric rise to near $5 trillion reflects the extraordinary scale of the AI revolution. With unmatched technology, record chip orders, and geopolitical significance, the company’s momentum shows no signs of slowing. NVIDIA has quickly become a nightmare for competitors; it remains to be seen if this dominance will soon turn into a monopoly.
