Nvidia’s historic $5.05 trillion valuation isn’t just a number; it’s the result of a calculated series of strategic deals that have cemented its role as the king of AI. The chipmaker, which just hit the $5 trillion mark on Wednesday, is aggressively expanding its partnerships across the tech landscape.
CEO Jensen Huang recently announced a $500 billion order book, but the real story is in the new ventures. Nvidia is partnering with Uber on the future of transportation with robotaxis. It is also looking to the future of communications, investing $1 billion in Nokia to collaborate on 6G technology.
The company is also becoming a critical partner for the US government, working with the Department of Energy to build seven new AI supercomputers. Its most significant deal, however, is with OpenAI. Nvidia is investing $100 billion in the AI pioneer to build at least 10 gigawatts of AI datacenter capacity, a move that both funds OpenAI and guarantees Nvidia as its primary supplier.
This aggressive expansion has been praised by President Donald Trump, a shareholder who has called the company a “success story.” The rapid growth, adding $1 trillion in value in just three months, is being compared to the iPhone’s impact.
However, the “circular” nature of the OpenAI deal, where Nvidia’s investment is used to buy Nvidia’s chips, has raised eyebrows. This, combined with warnings from the IMF about an AI bubble and reports of failing AI pilot programs, adds a layer of caution to the $5 trillion celebration.