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

Last edited Thu Oct 30, 2025, 06:51 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.

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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

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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 nytnews@nytimes.com.Learn more

When we learn of a mistake, we acknowledge it with a correction. If you spot an error, please let us know at nytnews@nytimes.com.Learn 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