By Admin 
Nvidia: American technology company Nvidia has become the first company with a market capital of $ 5 trillion. After Nvidia, Microsoft and Apple are the most valuable companies in the world.
On Wednesday, its share price rose by almost 3 percent to $ 207.16, taking its market cap to $ 5.03 trillion i.e. about Rs 453 lakh crore. The surprising thing is that this is about Rs 90 lakh crore more than India’s GDP. According to IMF, India’s GDP is currently 4.13 trillion dollars i.e. Rs 364 lakh crore. Since June, more than $1 billion worth of shares of the company have been sold.
Why is there so much demand for Nvidia?
According to a Bloomberg report, when CEO Jensen Huang started selling the company’s shares in late June, the stock was worth about $865 million. So far the stock has increased by more than 40 percent. Behind this is the increasing demand for Artificial Intelligence (AI). This is the reason why the company’s shares have gained 12 times since 2022. The situation is that in just three months the value of the company reached from Rs 4 trillion to Rs 5 trillion.
Jensen has sold more than $2.9 billion of NVIDIA shares since 2001 and currently has a 3.5 percent stake in the company. Huang also donated more than $300 million of shares to his foundation and donor-advised funds earlier this year.
Many big orders received from American government
This week, Huang also announced an AI chip order worth $500 billion for the US government and the construction of seven supercomputers. At the Nvidia Developers Conference in Washington, he said that his company will build seven new supercomputers for the US Department of Energy. Apart from this, booking of 500 billion dollars has also been taken for advanced chips.
Angry at this decision of Trump
However, he also expressed regret over the strict export ban imposed by America, due to which the company is no longer able to sell its advanced AI chips in China. Actually, America does not want China to get such advanced AI chips, which it can use to strengthen military technology, hence America has imposed export control on selling high-tech chips to China. Nvidia’s H100 and Blackwell chips are being used for AI tools like ChatGPT. The company now wants to sell this new Blackwell chips in China, but is not able to sell it due to the decision of the Trump government.
However, arguing this, the company’s CEO said that continued mutual cooperation on technology and access to the Chinese market would ultimately be in America’s interest. Huang is on a tour of South Korea these days. While talking to journalists here, he described China as a unique and dynamic market, whose place cannot be taken by anyone else. He told that he will continue his efforts to reach out to China. He expressed hope that China will remain a major consumer of American chips.
Also read:
Keep cash in your pocket! Another powerful IPO is coming, price band will be announced tomorrow