With 2025 not over yet, Nvidia (NVDA) is getting closer to crossing another milestone. NVDA stock added 4.98% on Tuesday to close at $201.03. This is around $150 billion below the $5 trillion market capitalization valuation.
The supplier to the AI boom said that it had $500 billion in bookings. In addition, it will build seven supercomputers for the U.S. Department of Energy.
The U.S and Chinese governments are in an arms race for building the most powerful AI solutions. Later this week, the U.S. President will meet with China’s President to discuss trade. Currently, tariffs drastically slowed trade between the two countries. For example, China imposed rare earth bans and stopped buying U.S. soybeans.
The economic hardship did not slow China’s progress in AI. Tencent (TCEHY), Alibaba (BABA), Baidu (BIDU), Huawei, and JD.com (JD) all have some advancements in the space. They are pivoting away from their core business of e-commerce or search engines.
Previously, U.S. tech firms feared that DeepSeek could cost very little to run. Since then, stock markets have put aside their fears of that competitive threat.
On Tuesday, Nvidia said that it would invest $1 billion in Nokia (NOK). The AI strategic partnership sent NOK stock up by 23%. 6G is the next phase of development that the two firms will pursue.
