Overview
- Shares jumped up to about 5% at the open, pushing Nvidia’s value past $5 trillion just three months after topping $4 trillion.
- Jensen Huang said Nvidia has about $500 billion in AI chip orders through 2026 and outlined work with the Department of Energy on seven supercomputers, including one using 10,000 Blackwell GPUs.
- President Donald Trump said he plans to discuss Nvidia’s Blackwell chips with China’s Xi Jinping in Busan, a key development for sales constrained by U.S. export rules.
- Nvidia highlighted new and recent ties spanning Uber robotaxis, a $1 billion Nokia 6G initiative, collaborations with Oracle and Palantir, and a previously announced $100 billion commitment to OpenAI.
- Global watchdogs such as the Bank of England and IMF have flagged bubble risk as Nvidia’s heft moves broader markets, with the next quarterly report scheduled for Nov. 19.