The AI craze drives an amazing rise, with Nvidia becoming the first company to surpass a market capitalization of 5 trillion dollars.

Jin10 data reported on October 29, that after the opening of the US stock market on Wednesday, Nvidia (NVDA.O) made history by becoming the first company to surpass a market capitalization of $5 trillion. This solidifies its core position in the global artificial intelligence boom. Morningstar senior stock analyst Brian Colello stated, “In the long run, tech giants will strive to seek alternative supply sources or self-developed solutions to drop their reliance on Nvidia's AI chips. However, these attempts can at best only slightly weaken, but not replace Nvidia's dominance in the AI field.” Nvidia's recent pump reflects investor confidence in continued high investment in the AI sector, but some warn that valuations may have already overheated. Tuttle Capital Management CEO Matthew Tuttle stated, “The current expansion of AI relies on a few dominant companies funding each other's capacity expansion. Once investors start demanding cash flow returns instead of continuing to fund capacity expansion, this flywheel mechanism may fail.”