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Nvidia storms past $5tr valuation as AI boom powers meteoric rise

Gulf Today

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October 30, 2025

Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a stunning rally that has cemented its place at the centre of the global artificial intelligence boom.

Nvidia storms past $5tr valuation as AI boom powers meteoric rise

The milestone underscores the company’s swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, turning CEO Jensen Huang into a Silicon Valley icon and making its advanced chips a flashpoint in the tech rivalry between the US and China.

Since the launch of ChatGPT in 2022, Nvidia's shares have climbed 12-fold as the Al frenzy propelled the SAP 500 to record highs, igniting a debate on whether frothy tech valuations could lead to the next big bubble.

The new milestone, coming just three months after Nvidia breached the $4 trillion mark, would surpass the total cryptocurrency market value and equal roughly half the size of Europe’s benchmark equities index, the Stoxx 600 index.

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Gulf Today

Few men would face top woman: Kyrgios ahead of Sabalenka clash

Nick Kyrgios believes few male players would accept the chance to face a top woman as the maverick Australian prepares to take on women's world number one Aryna Sabalenka in a 'Battle of the Sexes' exhibition later this month.

time to read

2 mins

December 19, 2025

Gulf Today

Gulf Today

India have been the better team in T20Is, says Steyn ahead of final clash

The ongoing India-South Africa series remains fiercely contested, with two possible outcomes before the final game: South Africa drawing level at 2-2 or India winning it 3-1, and former Proteas fast bowler Dale Steyn opined that India have 'been the better team' so far in the three games played.

time to read

1 mins

December 19, 2025

Gulf Today

Tecom launches Dhs615 million Innovation Hub

DUBAI: Tecom Group, the creator of specialised business districts and vibrant communities in Dubai, has launched Phase 4 of Innovation Hub in Dubai Internet City to address rising demand for Grade-A office spaces from global multinational companies in vital, future-focused economic sectors.

time to read

1 min

December 19, 2025

Gulf Today

An dominates, Yamaguchi battles through in season finale

South Korea’s An Se-young dominated Tomoka Miyazaki 21-9 21-6 at badminton’s World Tour Finals in Hangzhou on Thursday to continue her chase for a second title at the season finale.

time to read

1 mins

December 19, 2025

Gulf Today

Lanka plans $1.6b in cyclone recovery spending in 2026

Sri Lanka's government announced plans on Thursday for $1.6 billion in extra spending in 2026 to fund the country’s recovery from Cyclone Ditwah, which killed more than 640 people.

time to read

1 mins

December 19, 2025

Gulf Today

Safonov stars as PSG sink Flamengo to win Intercontinental Cup title

Paris St Germain (PSG) goalkeeper Matvey Safonov saved four penalties in a dramatic shootout to hand the French champions the Intercontinental Cup title after a hard-fought II draw with Flamengo in the final on Wednesday.

time to read

2 mins

December 19, 2025

Gulf Today

Violations in field of health insurance explained

Issues of fraud in the field of health insurance are endless, either by service providers in various health facilities with their multiple specialties who exaggerate in requesting tests, analyses, and treatment plans, or by beneficiaries who try to find any means to maximise their benefit from insurance coverage at the lowest possible cost, and then health insurance companies that do their utmost to evade paying for the services provided by offering illogical or at least unconvincing justifications to patients and visitors.

time to read

1 mins

December 19, 2025

Gulf Today

Federal decree issued on National Media Authority

The UAE Government has issued a Federal Decree-Law establishing and organising the National Media Authority, as a federal public entity affiliated to the UAE Cabinet.

time to read

1 mins

December 19, 2025

Gulf Today

Gulf Today

Our daughters raised Sharjah's flag high with victory in Kuwait: Jawaher

Her Highness Sheikha Jawaher Bint Mohammed Al Qasimi, Wife of His Highness the Ruler of Sharjah and Chairperson of the Sharjah Family and Community Council, received on Wednesday evening, at Al Badee' Palace, the players of the Sharjah Women's Sports Club volleyball team following their historic victory at the inaugural West Asia Women's Volleyball Clubs Championship.

time to read

2 mins

December 19, 2025

Gulf Today

Gulf Today

Mbappe excels as Real beat lowly 3rd-tier Talavera in Spanish Cup

A Kylian Mbappe brace helped Real Madrid avoid an upset at third-tier Talavera as Xabi Alonso's side scraped home 3-2 to stamp their ticket into the Spanish Cup last 16 on Wednesday.

time to read

2 mins

December 19, 2025

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