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Fortune
Fortune
Jeremy Kahn

Why Nvidia deserves its $1 trillion valuation

Nvidia CEO Jensen Huang. (Credit: Walid Berrazeg—SOPA Images/LightRocket via Getty Images)

Computex, the massive personal computing trade show, is taking place in Taipei this week, its first time as an in-person event since before the pandemic. And when it comes to A.I., the show provided further evidence of just how far ahead of the game Nvidia is as the leading producer of the computer chips that are powering the current A.I. revolution.

Jensen Huang, the company’s Taiwan-born CEO, bantered with the crowd in Taiwanese during parts of his keynote address to the conference and was clearly reveling in his status as a homegrown hero as his company closed in on a $1 trillion market valuation—a milestone it hit today, a day after Huang’s keynote, becoming the first chipmaker ever to reach that lofty height. Thanks to investor enthusiasm for the generative A.I. boom that is being built atop Nvidia’s graphics processing units, the company’s stock is up more than 180% year to date.

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