Nvidia becomes the first $5 trillion company
2025-10-29 · Publisher : Nvidia · Domain : Artificial Intelligence
On October 29, 2025, Nvidia becomes the first listed company to top $5 trillion in market value and close above that mark, only three months after crossing $4 trillion.
What changes
- First company in the world to close above $5 trillion in market value.
- The $4 trillion mark had been crossed in July 2025, about three months earlier.
- Jensen Huang cites $500 billion of Blackwell and Rubin chip orders through the end of 2026.
- Nvidia is worth more than the entire stock markets of every country except the United States, China and Japan.
- Nine months after the DeepSeek shock, demand for compute outweighs the doubts.
On Wednesday, October 29, 2025, Nvidia crosses the $5 trillion market value mark at the open and holds it through the close, a first for a listed company. Nine months earlier, on January 27, the DeepSeek shock had wiped nearly $589 billion off its value in a single session. ### What happened - **Triggers**: the day before, at its GTC conference in Washington, Jensen Huang announces about $500 billion of orders for Blackwell and Rubin chips through the end of 2026, seven new supercomputers for the US government and a $1 billion investment in Nokia for 5G and 6G networks. - **Political context**: Donald Trump says he will discuss Blackwell chips with Xi Jinping, reviving hopes of access to the Chinese market. - **Speed**: Nvidia had become the first company to top $4 trillion in July 2025; it took about three months to add another $1 trillion. ### Key figures | Item | Value | |---|---| | Market value on October 29, 2025 | over $5 trillion | | $4 trillion crossed | July 2025 | | Blackwell and Rubin orders announced | about $500 billion through end of 2026 | ### Why it matters The milestone symbolizes the central place compute has taken in the AI economy: capital spending by hyperscalers, Stargate and the labs translates first into GPU orders. Nvidia alone is worth more than the stock markets of every country except the United States, China and Japan. ### Caveats This valuation relies on continued massive investment, part of which is financed through circular arrangements (Nvidia investing in its own customers) or debt. Bubble fears grew as the market value rose. ### Key takeaways At the end of 2025, the AI value chain remains dominated by the compute supplier: for user companies, GPU cost and availability continue to shape the supply of models.
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Tags : IA, Calcul, Marchés, NVIDIA, Semi-conducteurs