The extraordinary milestone would reflect a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.<\/p>\n
Shares of Nvidia were last seen up 3.1% in premarket. The stock price, which closed up 5% in the previous session, has climbed nearly 50% year-to-date.<\/p>\n
The latest move higher comes shortly after CEO Jensen Huang said Nvidia expects<\/a> $500 billion in AI chip orders and announced<\/a> plans to build seven new supercomputers for the U.S. government.<\/p>\n Separately, Nvidia announced<\/a> on Tuesday that it is taking a $1 billion stake in Nokia<\/a>, forming a strategic partnership with the networking company to develop next-generation 6G cellular technology.<\/p>\n U.S. stocks, fueled by the AI trade, climbed to record highs<\/a> on Tuesday. The major averages were boosted by gains in tech, with Apple<\/a> and Microsoft<\/a> both reaching a market value of more than $4 trillion<\/a> after their shares rose.<\/p>\n The dizzying rally for U.S. stocks comes despite lingering concerns over a bubble<\/a>, particularly as AI-driven spending has led to record deals and valuations.<\/p>\n Earlier in the month, the International Monetary Fund and Bank of England became the latest financial institutions to warn<\/a>\u00a0that global stock markets could be in trouble if investor appetite for AI turns sour.<\/p>\n![\"Microsoft](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/108217933-17616688031761668799-42309142982-1080pnbcnews.jpg\")
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