US Stock Market Move | NVIDIA Corporation (NVDA.US) rose nearly 5%, becoming the first publicly listed company with a market value exceeding $500 billion.

On Wednesday, NVIDIA Corporation (NVDA.US) opened nearly 5% higher, with a total market value exceeding 5 trillion US dollars, becoming the first publicly traded company in history to reach this milestone, with a cumulative increase of over 57% so far this year. The total market value of NVIDIA Corporation has crossed from 4 trillion US dollars to 5 trillion US dollars in just 113 days, while it took 410 days to go from 3 trillion to 4 trillion. The market value of 5 trillion US dollars has already exceeded the total market value of stock exchanges in countries such as the UK, France, and Germany, and is approaching the total value of the Indian stock market (5.3 trillion US dollars). In terms of news, Huang Renxun stated at a press conference that Blackwell and the next generation Rubin chip are driving the company into an unprecedented sales growth cycle. He also countered concerns about a bubble in the artificial intelligence market, stating that the company's latest generation of chips is expected to generate up to 500 billion US dollars in revenue in the next few quarters. A recent research report from Goldman Sachs Group, Inc. pointed out that the 500 billion US dollar target is significantly higher than Wall Street's expectations. This target is 12% higher than the consensus of 447 billion US dollars reflected by Visible Alpha Consensus Data in the market, and it is also 10% higher than the forecast of 453 billion US dollars by Goldman Sachs Group, Inc.