Today's Edition
CALIFORNIA (WAM)
Nvidia was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the US Department of Energy.
Nvidia's stock closed almost 5 per cent higher, adding over $230 billion in market value, bringing its total value to $4.89 trillion after briefly touching $4.94 trillion.
The Santa Clara, California, company's stock has surged 50 per cent in 2025. Its market capitalisation closed above $4 trillion for the first time in July.
Microsoft, the world's second most valuable company, rose 2 per cent, lifting its market capitalisation to $4.03 trillion.
