United States chipmaker Nvidia, on 29 October, became the first company in the world to breach the $5 trillion mcap, reaching $5.07 trillion. In the process, Nvidia is now worth more than the entire cryptocurrency market in the world and has also reached the halfway mark of the Stoxx 600, which is the market capitalisation of the best companies in Europe, and is worth as much as the entire market capitalisation of all the listed companies in India.
Nvidia’s Chief Executive Officer Jensen Huang is the eighth-richest person in the world, according to Forbes, with a net worth of $179.6 billion. The company has unveiled orders worth $500 billion and has some of the most sophisticated microchips, such as Blackwell and H100.
Since 2022, the value of its stock has risen twelvefold and it is a major player in the supply of microchips for use in artificial intelligence. The company is to set up 5“7 supercomputers for the US government. With the astronomical rise in artificial intelligence, Nvidia is set to break several more records in the near future.
