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Nvidia's stock closed almost 5% higher, adding over $230 billion in market value, bringing its total value to $4.89 trillion after briefly touching $4.94 trillion. Sign up here. CEO Jensen Huang kicked off a keynote address at a developer conference in the U.S. capital on Tuesday by praising policy by U.S. President Donald Trump while announcing new products and deals. Nvidia is at the core of the global rollout of AI, and is striking deals while navigating a U.S.-China trade war that could determine which technology from the two countries is most used around the world. The Santa Clara, California, company's stock has surged 50% in 2025. Its market capitalization closed above $4 trillion for the first time in July. The supercomputers Nvidia is building for the Energy Department will in part help the U.S. maintain and develop its nuclear weapons arsenal. The largest of the supercomputers will be built with Oracle and contain 100,000 of Nvidia's high-end Blackwell AI chips. Reporting by Noel Randewich; Editing by Richard Chang Our Standards: The Thomson Reuters Trust Principles., opens new tab San Francisco correspondent covering the stock market with a focus on Big Tech, semiconductors and other Silicon Valley companies
