Overview
- Intraday gains lifted Nvidia’s valuation to roughly $5.05–$5.13 trillion as shares traded around $207.80 to $211.47 on Wednesday.
- CEO Jensen Huang outlined about $500 billion in anticipated AI chip orders and plans to build seven U.S. Department of Energy supercomputers.
- New and expanded ties include a robotaxi partnership with Uber, a $1 billion investment in Nokia for 6G work, and a recently announced OpenAI partnership reported at $100 billion.
- President Donald Trump said he will discuss Nvidia’s Blackwell chips with China’s Xi Jinping, a prospect that buoyed sentiment given U.S. export curbs.
- Officials at the Bank of England and the IMF flagged valuation risks as Nvidia’s weight swells in major indices, with Q3 results due November 19 after reporting strong Q2 profit and a ~$54 billion revenue outlook for Q3.