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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

Aldar delivers 30% net profit growth to Dhs6b in nine months

Aldar reported a 43 per cent year-on-year (YoY) increase in nine-month net profit before tax to Dhs6.8 billion, while net profit after tax rose 30 per cent YoY to Dhs6.0 billion, driven by broad-based growth across its core business platforms. Earnings per share for the period stood at Dhs0.64.

time to read

1 min

October 30, 2025

Gulf Today

Gulf Today

Britain’s Reform party faces local authority tests

Britain’s Reform UK has surged in popularity on the back of fiery rhetoric against illegal immigrants, the European Union and the country’s traditional ruling parties.

time to read

4 mins

October 30, 2025

Gulf Today

FTA clarifies excise tax model for sweetened drinks

The Federal Tax Authority (FTA) has called on producers, importers and stockpilers of sugar-sweetened drinks to begin reviewing the sugar content in their products in preparation for the implementation of a new excise tax mechanism set to take effect at the beginning of 2026.

time to read

2 mins

October 30, 2025

Gulf Today

Ajman Police top Global Benchmarking Award

AJMAN: The Ajman Police General Command has won first place worldwide in the Global Benchmarking Award 2025, organised by the Centre for Organisational Excellence Research (COER) in New Zealand.

time to read

1 mins

October 30, 2025

Gulf Today

Gaza violence 'very frustrating, disappointing,' says Qatar PM

Qatar Prime Minister Sheikh Mohammed Bin Abdulrahman Al Thani on Wednesday described an attack on Israeli soldiers in Gaza and the strikes in response by Israel as \"very disappointing and frustrating for us.

time to read

1 mins

October 30, 2025

Gulf Today

Floods from hurricane kill dozens in Haiti

Flooding from Hurricane Melissa killed 25 people in Haiti while the storm still churned across Cuba on Wednesday after leaving Jamaica with widespread damage and power outages, officials said.

time to read

1 mins

October 30, 2025

Gulf Today

Gulf Today

Fulham survive Wycombe scare to reach League Cup quarter-finals

Fulham had to survive a penalty shootout against third tier Wycombe to reach the English League Cup quarterfinals after a 1-1 draw at Adams Park on Tuesday.

time to read

1 min

October 30, 2025

Gulf Today

We need to fix middle order issues, says Agha after loss in T20 opener

Pakistan's T20I captain Salman Agha was quite critical of his team's performance in a 55-run loss to South Africa in the T20I series opener and pointed out that the team's middle order failed to build partnerships.

time to read

2 mins

October 30, 2025

Gulf Today

Psychologists say mental wellness is achievable

Two practitioners said the global worrisome rise of mental health disorders and challenges are solvable.

time to read

3 mins

October 30, 2025

Gulf Today

Kerala CM freezes controversial education project

Kerala Chief Minister Pinarayi Vijayan has yielded to significant public pressure against implementing a scheme critics allege is influenced by Hindu nationalist ideology.

time to read

1 mins

October 30, 2025

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