Nvidia CEO Jensen Huang joins “The Sunday Briefing” to discuss new U.S.-made Blackwell AI chip wafers, how Trump-era tariffs helped boost domestic production, and efforts to expand U.S. manufacturing.
Nvidia on Wednesday became the first company in history to reach a market valuation of $5 trillion, marking incredible growth driven by global growth. artificial intelligence (AI) Boom.
Shares of the leading AI chip maker rose 3% to close at $207.04 on Wednesday, giving the company a market value of $5.03 trillion. This milestone highlights Nvidia’s growth from a video game graphics company to a force behind the AI revolution.
“NVIDIA is at the epicenter,” CEO Jensen Huang said on Fox News’ “The Sunday Briefing” earlier this month. “We are the driving force behind the greatest industrial revolution in human history. The last industrial revolution was the steam engine, electricity, and information technology, and now we are creating artificial intelligence.”
The California-based company’s stock has soared 12 times since its launch. ChatGPT in 2022according to Reuters.
NVIDIA launches major partnerships and large-scale AI push across multiple industries
Nvidia Corp. co-founder and CEO Jensen Huang speaks at a press conference at the Nvidia GPU Technology Conference (GTC) on March 19, 2025 in San Jose, California. (David Paul Morris/Bloomberg via Getty Images/Getty Images)
This record valuation comes just one day after Huang announced an extensive lineup of new AI initiatives and partnerships. The company announced Tuesday that it has secured $500 billion in orders for AI chips and will build seven supercomputers. us governmentReuters reported.
Nvidia announced on Tuesday it would pay $1 billion for a stake in Nokia, according to Reuters.
The $5 trillion valuation comes just three months after Nvidia surpassed $4 trillion, putting it well ahead of other tech giants. only with apple Microsoft has crossed the $4 trillion threshold before.
Founded in 1993 by electrical engineers Jensen Huang, Chris Malachowski, and Curtis Priem, Nvidia began as a modest start-up in a Denny’s. bay area of california.
The founders initially targeted the gaming market as a way to generate revenue while tackling complex computing problems that could drive future growth.
A few years after its release, Nvidia fell on hard times after failing to develop a graphics card for the Sega Dreamcast video game platform. With little financial leeway, the company laid off more than half of its employees. An investment from Sega America CEO Shoichiro Irimatsu was a lifeline, allowing the company to refocus on a new line of graphics products.
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August 28, 2024 at Nvidia headquarters in Santa Clara, California. (Lauren Elliott/Bloomberg via Getty Images/Getty Images)
NVIDIA CEO says he is in talks with the Trump administration about selling Blackwell chips to China
In 1999, the company launched something called the Graphics Processing Unit (GPU), which helped revolutionize the computing industry. Nvidia went public that year, and its stock traded for less than $1 per share until early 2000.
In 2006, Nvidia developed CUDA. software platform An API that allows programmers to take advantage of more computing power from the GPU. Over the next few years, AI research teams began using massive amounts of GPUs to accelerate deep neural networks. Nvidia calls this the “big bang of modern AI.”
The application of GPUs accelerated deep learning by 50 times in the three years to the end of 2015. At the end of the year, Nvidia’s stock was trading at $8.24 per share, and the company continued to develop more advanced GPUs.
Nvidia released its revolutionary RTX GPU in 2018, sending the company’s stock price above $60 per share.
Over the next few years, further advances in GPUs and AI-enabled chips led to Nvidia contributing to the creation of the Metaverse. The company’s stock price remained above $100 per share throughout 2022, and began to soar the following year on the rise of AI.
Nvidia Corp. chips at the Taipei Computex exhibition on May 29, 2023 in Taipei, Taiwan. (I-Hwa Cheng/Bloomberg via Getty Images)
Nvidia launched its Grace Hopper superchip in 2023, and by the end of the year, the stock price was just under $500 per share.
In 2024, further advances such as the announcement of Blackwell, the next generation AI chip to replace Grace Hopper, pushed the stock even higher.
In March, Mr. Huang announced plans to invest hundreds of billions of dollars in U.S. supply chains over the next four years. A month later, he unveiled plans for the first time to make Nvidia’s AI supercomputer entirely in the United States.
“It all started with President Trump wanting to reindustrialize America,” Huang said on “Sunday Briefing” earlier this month. His tariffs were the urgency factor to make this possible at the speed we are doing, and in less than a year, we are now manufacturing the most advanced chips for AI right here in the United States. This is just the beginning. ”
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An Nvidia spokesperson declined to comment.
David Rutz of Fox News Digital contributed to this report.
