Nvidia said on Tuesday it has secured $500 billion in orders for its artificial intelligence processors and will build seven new supercomputers for the U.S. Department of Energy. Driven by this news, its stock price rose sharply, once approaching US$5 trillion. The company's stock price closed up nearly 5%, and its market value increased by more than 230 billion US dollars, reaching 4.89 trillion US dollars, and once touched 4.94 trillion US dollars during the session.
On Tuesday, Nvidia CEO Jen-Hsun Huang delivered a keynote speech at the Developers Conference in Washington, the U.S. capital, announcing a series of new products and deals.
Shares of the Santa Clara, California-based company have soared 50% in 2025. In July this year, its market value exceeded US$4 trillion for the first time.
Microsoft shares rose 2% on Tuesday, giving the company a market value of $4.03 trillion. The company and OpenAI announced a restructuring agreement that will see the ChatGPT maker move away from its nonprofit roots and potentially go public.
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