Nvidia's value soars by $400 billion in 5 days. That's more than Costco is worth.

Core Viewpoint - Nvidia's stock has surged significantly due to excitement surrounding its new Blackwell chip, leading to a substantial increase in market value and investor interest [1][2][4]. Group 1: Stock Performance - Nvidia's stock climbed 4% on Tuesday, extending its rally to 14% over the last five trading days [1][2]. - The company's market value increased by $400 billion to $3.26 trillion, making it more valuable than Microsoft and second only to Apple among public companies [2][3]. Group 2: Financial Metrics - Nvidia's market value increase of $400 billion is noteworthy, surpassing the entire market value of Costco, which is valued at $254 billion [3]. - Nvidia generated $61 billion in revenue last year with a net income of nearly $30 billion, highlighting its profitability compared to its market valuation [3]. Group 3: CEO and Leadership Impact - CEO Jensen Huang's net worth has surged from approximately $14 billion to $106 billion in under two years, making him the 11th richest person globally [4]. - Huang has described the new Blackwell chip as "the engine to power this new industrial revolution," indicating its strategic importance for the company [4][5]. Group 4: Market Demand and Future Prospects - There is immense demand for the Blackwell processors, which are designed for AI applications with lower costs and energy consumption compared to previous models [5]. - Nvidia plans to ramp up Blackwell production in the fourth quarter, with expectations to sell chips worth billions before the year ends [5].