Overview
- Nvidia shares climbed in premarket trading on Oct. 29, putting its valuation near or, by some measures, briefly above $5 trillion after the latest announcements.
- One planned DOE system built with Oracle is reported to house about 100,000 Blackwell chips, underscoring Nvidia’s central role in large-scale AI infrastructure.
- President Donald Trump said he may raise Nvidia’s Blackwell chips with China’s Xi Jinping as export controls and sales to China remain unresolved factors for the company.
- Analysts largely maintain bullish views and have lifted targets, though several warn that the towering valuation and index concentration heighten downside risk if growth slows.
- Nvidia’s H100 and Blackwell processors power most large language models, and rivals such as AMD and startups are pressing to compete as AI spending accelerates.