--- title: "NVIDIA's \"10x Stock Journey\": Three years ago, when ChatGPT was first launched, its market value was $400 billion; today, it is the first \"trillion-dollar company\"!" type: "News" locale: "en" url: "https://longbridge.com/en/news/263410999.md" description: "NVIDIA's market capitalization reached USD 5.03 trillion, a figure that not only surpasses the combined market capitalizations of its competitors AMD, Arm, ASML, Broadcom, Intel, Lam Research, Qualcomm, and TSMC, but also exceeds the total market size of entire sectors such as utilities, industrials, and consumer staples in the S&P 500 index, and even surpasses the combined market capitalizations of the major stock indices in Germany, France, and Italy" datetime: "2025-10-30T02:21:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/263410999.md) - [en](https://longbridge.com/en/news/263410999.md) - [zh-HK](https://longbridge.com/zh-HK/news/263410999.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/263410999.md) | [繁體中文](https://longbridge.com/zh-HK/news/263410999.md) # NVIDIA's "10x Stock Journey": Three years ago, when ChatGPT was first launched, its market value was $400 billion; today, it is the first "trillion-dollar company"! NVIDIA's market value has officially surpassed the $5 trillion mark, becoming the first company in the world to reach this milestone, with its growth rate and market influence reaching unprecedented levels. On Wednesday, NVIDIA's stock price rose about 3% to $207.16, bringing its market value to $5.03 trillion. (NVIDIA's market value surpasses $5 trillion) **This figure exceeds the combined market values of its competitors AMD, Arm, ASML, Broadcom, Intel, Lam Research, Qualcomm, and TSMC, and even surpasses the total market size of entire sectors such as utilities, industrials, and consumer staples in the S&P 500 index.** **In the past six months, NVIDIA's stock price has risen by about 90%. Its current size has already surpassed the combined market values of the major stock indices in Germany, France, and Italy.** NVIDIA's stock performance has become a key "barometer" for measuring this round of massive demand cycle driven by AI. The direct catalyst for this surge comes from market expectations of continued strong sales of its AI chips, as well as optimistic sentiment regarding its product sales in the Chinese market. ## Rocket-like Market Value Ascent NVIDIA's market value growth trajectory is astonishing. Three years ago, before the generative AI tool ChatGPT exploded onto the market, its market value was about $400 billion. With the launch of ChatGPT, the demand for GPUs used to train and run large language models surged. Within a few months after the release of ChatGPT, NVIDIA's market value surpassed the $1 trillion mark. Subsequently, its growth pace continued to accelerate: > - November 2022 — $400 billion > > - May 2023 — $1 trillion; > > - February 2024 — $2 trillion; > > - June 2024 — $3 trillion; > > - July 2025 — $4 trillion; > > - October 2025 — $5 trillion. > > > (NVIDIA's market value trend chart over the past two years) NVIDIA's remarkable growth rate has surpassed that of tech giants Apple and Microsoft, the latter of which only first closed above a $4 trillion market value this week. ## Strong Support from Demand and Orders The fundamental reason NVIDIA has become the "core" of this AI trade is that its designed GPUs are the engines driving the entire artificial intelligence industry. CFRA Research Senior Vice President Angelo Zino stated: > They are the cornerstone of the entire AI trade. Strong demand is directly reflected in the order data. Wall Street Journal mentioned that NVIDIA revealed its Blackwell chips released last year have shipped 6 million units, with another 14 million units in orders on hand Jensen Huang predicted at the GTC conference: > The company expects total sales to reach $500 billion over the next five quarters. Analysts at Bernstein pointed out that Huang's prediction implies that NVIDIA's chip sales in the calendar year 2026 will far exceed $300 billion, while the previous general expectation on Wall Street was $258 billion. This enormous demand primarily comes from large technology companies that are investing heavily in building the data center infrastructure needed to run AI models. ## "Bubble" Warnings and Valuation Scrutiny However, the soaring stock prices have brought concerns about a potential bubble. Some investors and industry analysts have begun to compare the current surge in AI stocks to the internet bubble of the early 2000s. **Technology companies are investing hundreds of billions of dollars in data centers and chip development, incurring heavy debt, but the revenue generated so far is relatively small.** NVIDIA's valuation levels have also drawn market scrutiny. **According to data, the company's stock price is about 33 times its expected earnings for next year, while the average price-to-earnings ratio for the S&P 500 index is about 24 times.** David Kotok, co-founder of Cumberland Advisors, warned: > Such "exceptional valuations" set extremely high expectations for the company, which are only reasonable if margins and profits continue on their current trajectory or improve ### Related Stocks - [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md) - [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md) - [XL2CSOPNVDA (07788.HK)](https://longbridge.com/en/quote/07788.HK.md) - [XI2CSOPNVDA (07388.HK)](https://longbridge.com/en/quote/07388.HK.md) - [YieldMax NVDA Option Income Strategy ETF (NVDY.US)](https://longbridge.com/en/quote/NVDY.US.md) - [Direxion Daily NVDA Bear 1X ETF (NVDD.US)](https://longbridge.com/en/quote/NVDD.US.md) - [T-REX 2X Long NVIDIA Daily Target ETF (NVDX.US)](https://longbridge.com/en/quote/NVDX.US.md) - [T-REX 2X Inverse NVIDIA Daily Target ETF (NVDQ.US)](https://longbridge.com/en/quote/NVDQ.US.md) - [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md) ## Related News & Research - [Nvidia Stumbled in the First Quarter: Here are My Top 3 Nvidia Predictions for the Second Quarter](https://longbridge.com/en/news/281620093.md) - [TSMC Gets Nod to Deploy 3nm Process at Japan Fab](https://longbridge.com/en/news/281343240.md) - [08:01 ETInnofiber, Acrolite, and PAVE Technology Co. 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