Nvidia reached $1trn in 30 years, $2trn in 9 more months, and $5trn within two years. It is now worth ~$5.4trn with sales expected to nearly double next year. Jensen Huang has used financial engineering to boost demand, including a $105bn backstop for an Ohio data centre and mobilising $500bn+ in AI infrastructure investment with six Wall Street firms.

Nvidia may underwrite a quarter of some projects and has promised to top up customer income if targets are missed. Over three years it pledged $70bn in startups and $300bn in customer support, earning it the label "central bank of AI." Hyperscalers like Amazon, Google, Meta, and Microsoft account for ~half of Nvidia's revenue but are designing cheaper custom chips, threatening future purchases.