Trump’s “Incredible” Company: Nvidia Hits $5T With Presidential Praise

Nvidia’s surge to a $5.05 trillion valuation on Wednesday was accompanied by high praise from President Donald Trump. As the chipmaker became the first company in history to cross the $5 trillion mark, Trump, speaking in South Korea, called CEO Jensen Huang an “incredible guy” and a “success story.”
The President’s backing is more than just words; he has a financial interest, having disclosed owning up to $1.3 million in Nvidia shares. Trump is also fueling investor optimism by hinting at a major new market, stating he would speak to China’s President Xi Jinping about allowing sales of Nvidia’s chips.
This political tailwind comes as Nvidia’s core business is firing on all cylinders. The AI boom has created “ravenous” demand for its chips, pushing its value from $4 trillion to $5 trillion in just three months. The company’s valuation now surpasses the individual GDPs of India, Japan, and the UK.
Nvidia also announced a string of deals solidifying its dominance. These include a $500 billion order book, a robotaxi deal with Uber, a $1 billion 6G partnership with Nokia, and a $100 billion investment in OpenAI.
While the market celebrates, some economists are wary of this rapid, AI-fueled ascent. The Bank of England and the IMF have both warned of a potential bubble, suggesting tech stock prices are becoming dangerously inflated by hype, with many AI projects failing to show a return on investment.