Huang’s $500Bn Order Book: Inside Nvidia’s $5T Valuation

Nvidia’s historic $5.05 trillion valuation is built on a foundation of massive, concrete demand, highlighted by the $500 billion in chip orders recently disclosed by CEO Jensen Huang. The company crossed the $5 trillion mark on Wednesday, a world first.
This massive order book is the primary reason the company’s value leaped from $4 trillion to $5 trillion in just three months. The “ravenous appetite” for its AI chips, which are essential for powering the AI revolution, has made Nvidia the most valuable company on Earth.
Beyond the order book, Huang has announced a string of deals to secure future growth. These include a partnership with Uber for robotaxis, a $1 billion investment in Nokia for 6G, and a deal with the US Department of Energy for seven new AI supercomputers.
A $100 billion partnership with OpenAI will also see Nvidia build the AI datacenters that will power the next generation of ChatGPT. This dominance has earned Huang praise from President Donald Trump, a shareholder.
Despite the $500 billion in orders, some are skeptical. The Bank of England and the IMF have warned of an AI bubble. Critics question if this demand is sustainable, pointing to the high failure rate of corporate AI pilots and the “circular” nature of the OpenAI deal.