Nvidia’s market value topped $4.5 trillion for the first time as investors reacted to a wave of deals to build giant AI data centers and new analyst forecasts.
Nvidia’s market value topped $4.5 trillion for the first time as investors reacted to a wave of deals to build giant AI data centers and new analyst forecasts.
According to CNBC, the growth was accelerated by several pieces of news: OpenAI reported that Nvidia could receive a stake in the company worth up to $100 billion and help build data centers «worth hundreds of billions»; OpenAI, together with Oracle, also announced five mega-sites codenamed Stargate with a total value of $500 billion.
Nvidia shares rose about 3% on Tuesday, and are up about 39% year-to-date. Citi raised its price target for the stock from $200 to $210, citing an increase in expected spending on AI infrastructure following OpenAI’s announcements.
«OpenAI approached Nvidia because its product is very compelling, and the amount of computing per user is increasing,» Citi analyst Atif Malik said in a comment.
Meanwhile, other players are getting big new orders. CoreWeave (which Nvidia owns) announced a $14.2 billion deal with Meta to provide AI infrastructure services. Google and other tech giants are also sharply increasing spending on data centers for AI workloads.
Nvidia CEO Jensen Huang has said that the company’s hardware could account for about 70% of the budget for a new AI data center, from GPUs to networking solutions, putting Nvidia at the center of some of the largest infrastructure projects of the generative AI era.
Against the background of such dynamics, Nvidia is ahead of most of the «megacaps» in growth in 2025. Of the large companies, only Broadcom (plus ~40% since the beginning of the year) shows comparable rates, which is also «warmed up» by AI orders.
The euphoria surrounding generative AI has turned data center construction into a key market driver: demand for GPUs and related hardware is shaping a long contract horizon. At the same time, some economists warn: the current pace of investment must be confirmed by real revenues from AI services; if monetization lags, subsequent waves of construction may cool down. For now, Nvidia is the one collecting the cream of the computing spending boom — and the market is factoring this into the company’s valuation.
dev.ua previously reported on how chipmaker Nvidia announced plans to invest up to $100 billion in OpenAI and simultaneously supply the company with its data center systems. This creates an unprecedented alliance between two leading players in the artificial intelligence market.
