AI Rally Propels Nvidia Toward Historic $5 Trillion Benchmark

October 29, 2025 3:29 PM

AI Rally Propels Nvidia Toward Historic $5 Trillion Benchmark

Nvidia was set to open above a $5 trillion market value on Wednesday, becoming the first company to reach the milestone after a powerful rally that has made the chip designer the centerpiece of the artificial intelligence boom. Shares of the Santa Clara, California-based company jumped 2.8% in premarket trade after CEO Jensen Huang announced $500 billion in AI chip orders and plans to build seven supercomputers for the U.S. government. The milestone marks Nvidia‘s evolution from a niche ...

If Europe builds the gigafactories, will an AI industry come?

March 11, 2025 1:38 PM

If Europe builds the gigafactories, will an AI industry come?

The European Commission is raising $20 billion to construct four "AI gigafactories" as part of Europe's strategy to catch up with the U.S. and China on artificial intelligence, but some industry experts question whether it makes sense to build them. The plan for the large public access data centres, unveiled by European Commission President Ursula von der Leyen last month, will face challenges ranging from obtaining chips to finding suitable sites and electricity. "Even if we would build such ...