Nvidia's rise to $5 trillion market cap is bubble waiting to be burst? Shares, stock price, multi-billion dollar projects -- all you may want to know

APNVIDIA CEO Jensen Huang. (AP Photo) Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. Nvidia CEO Jensen Huang has downplayed concerns of a bubble bursting, saying that the generative AI chatbots that were merely “interesting” when they first took hold a few years ago are now becoming so useful that they will be profitable.Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial intelligence craze that’s widely viewed as the biggest tectonic shift in technology since Apple co—founder Steve Jobs unveiled the first iPhone 18 years ago. Apple rode the iPhone’s success to become the first publicly traded company to be valued at $1 trillion, $2 trillion and eventually, $3 trillion.Nvidia Stocks, Market CapBut there are concerns of a possible AI bubble, with officials at the Bank of England earlier this month flagging the growing risk that tech stock prices pumped up by the AI boom could burst. The head of the International Monetary Fund has raised a similar alarm.The ravenous appetite for Nvidia’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023. On Wednesday the shares touched $207.86 in early morning trading with 24.3 billion shares outstanding, putting its market cap at $5.05 trillion.In comparison, Nvidia's value is greater than the GDP of India, Japan and the United Kingdom, according to the International Monetary Fund.Live EventsNvidia Future ProjectsOn Tuesday Nvidia CEO Jensen Huang disclosed $500 billion in chip orders. The company also announced a partnership with Uber on robotaxis and a $1 billion investment in Nokia, with the two planning to work together on 6G technology.In addition, Nvidia is teaming with the Department of Energy to build seven new AI supercomputers.Last month Nvidia announced that it will invest $100 billion in OpenAI as part of a partnership that will add at least 10 gigawatts of Nvidia AI data centers to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT.In August Huang said that Nvidia was discussing a potential new computer chip designed for China with the Trump administration. President Donald Trump said on Air Force One that he will speak with Chinese President Xi Jinping about Nvidia's chips on Thursday on the sidelines of the APEC event that Huang is also attending.FAQsQ1. How is Nvidia GDP?A1. In comparison, Nvidia's value is greater than the GDP of India, Japan and the United Kingdom, according to the International Monetary Fund.Q2. Who is Nvidia CEO?A2. Nvidia CEO is Jensen Huang.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onNvidia shares stock price market capNvidia sharesNvidia stock priceNvidia shares stock priceNvidia market capNvidia mcap (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onNvidia shares stock price market capNvidia sharesNvidia stock priceNvidia shares stock priceNvidia market capNvidia mcap(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless