Nvidia becomes first $5 trillion company in history as Trump comments, GTC reveal boost stock to new heights

Core Insights - Nvidia has become the first company in history to achieve a market valuation exceeding $5 trillion, driven by its leadership in the AI sector [1] - The stock price increased by 3.4% at market open, reflecting strong investor sentiment and optimism regarding Nvidia's sales prospects, particularly in China [1][3] - President Trump's upcoming meeting with Nvidia CEO Jensen Huang is expected to discuss the company's AI chips, which may gain approval for export to China [2] Financial Performance - Nvidia reported no sales of its earlier generation H20 chips to China in its latest quarterly report [3] - A deal was mentioned where Nvidia would be allowed to export H20 chips to China in exchange for a 15% revenue cut, although this arrangement has not been formalized yet [3] - The company anticipates $500 billion in GPU sales by the end of 2026, with total revenue exceeding $100 billion in the first two quarters of the current year [7] Strategic Partnerships and Developments - Nvidia is collaborating with the US Department of Energy to develop seven new supercomputers, one of which will utilize 10,000 Blackwell GPUs [4] - Partnerships have been established with Uber for self-driving car technology, Eli Lilly for GPU sales, and Nokia for next-generation 6G technology [5] - Additional collaborations include ties with Palantir, Oracle, Cisco, and T-Mobile, focusing on wireless 6G development and AI applications in various industries [6] Market Trends - Nvidia's stock has surged over 50% this year and has more than doubled since its lows in April, coinciding with broader market movements, including a record high for the S&P 500 [8]