Nvidia’s $5 Trillion AI Juggernaut: Stock Soars on Huge Chip Orders – Boom or Bubble Ahead?
Nvidia stock surged to about $200, adding over $230 billion in value and nearing a $5 trillion market cap after unveiling new AI projects. Quarterly revenue jumped 56% to $46.7 billion, with 88% from data-center GPUs. Nvidia announced a $100 billion deal to supply GPUs for OpenAI’s supercomputing push and booked $500 billion in AI chip orders. Rival AMD also secured major AI chip deals with OpenAI and Oracle.