Chipmaker Nvidia hits $5 trillion valuation

Nvidia has reached a remarkable milestone, now valued at $5 trillion, highlighting its rapid evolution from a specialized graphics-chip manufacturer to a key player in the global AI sector. This achievement not only reflects the company's innovative capabilities but also signifies the growing importance of AI technology in various industries, making Nvidia a pivotal force in shaping the future.

Nvidia has made history by becoming the world's first company to reach a $5 trillion valuation, just three months after surpassing the $4 trillion mark. This milestone highlights the booming artificial intelligence industry and the overall growth of the US stock market. Nvidia's impressive valuation now exceeds the GDP of major economies like India and Japan, showcasing its significant impact on the tech landscape and the economy at large.

Nvidia has made history by becoming the first company to reach a market valuation of $5 trillion, surpassing the GDP of major economies like India, Japan, and the United Kingdom. This milestone not only highlights Nvidia's dominance in the AI chip market but also reflects the growing importance of technology in the global economy. As AI continues to evolve, Nvidia's success could pave the way for further innovations and investments in the tech sector.

Nvidia CEO Jensen Huang recently delivered a MAGA-themed speech where he praised former President Trump, highlighting the company's support for the administration's agenda as they face challenges in accessing the Chinese market. This endorsement is significant as it reflects the intersection of technology and politics, especially in the context of ongoing trade discussions that could impact the tech industry.

Nvidia is set to build advanced AI supercomputers for the US Department of Energy, marking a significant step in enhancing the nation's computational capabilities. This partnership not only showcases Nvidia's technological prowess but also highlights its strategic positioning amid the ongoing US-China trade tensions. By securing such deals, Nvidia is reinforcing its role as a leader in AI technology, which is crucial for various sectors including research and energy.

Apple has reached a remarkable milestone by hitting a $4 trillion market value, becoming only the third company in history to do so, alongside Microsoft and Nvidia. This achievement comes after a significant boost in its stock price, which has surged over 50% since April, largely driven by strong demand for its new iPhone models. This revitalization in sales not only highlights Apple's resilience in the tech market but also reflects investor confidence in its innovative products.

A letting agent has issued an apology for failing to secure a necessary rental licence for a property managed by them. The oversight occurred when the property manager promised to apply for the licence but ultimately did not follow through. This situation highlights the importance of compliance in the rental market, as such oversights can lead to legal issues and affect tenants' rights.

President Trump's decision to cap refugee admissions at a record low of 7,500 for the upcoming year marks a significant reduction from the previous limit of 125,000. This policy shift has raised concerns about the implications for vulnerable populations seeking asylum, particularly as the majority of the new admissions will be white South Africans. This move is seen as controversial and may affect the U.S.'s global standing on humanitarian issues.

The Senate has passed a bill to nullify former President Trump's extensive global tariffs affecting over 100 nations, with a vote of 51-47. This bipartisan effort follows earlier resolutions aimed at repealing tariffs on Canada and Brazil. The move is significant as it reflects a shift in U.S. trade policy and could enhance international relations, potentially benefiting American consumers and businesses by lowering prices on imported goods.

Rachel Reeves has acknowledged that she should have verified whether a rental license was obtained, following an apology from the letting agent involved. This situation has sparked discussions in UK politics, particularly with No 10 releasing redacted emails related to the matter. ITV's political editor, Robert Peston, argues that it is unwise for the Conservatives to demand Reeves' resignation over this issue. This incident highlights the ongoing scrutiny of political figures and the importance of transparency in their dealings.

The Trump administration has set the lowest cap on refugee admissions to the U.S. since the program began in 1980, focusing primarily on resettling Afrikaners from South Africa. This decision is significant as it reflects a shift in U.S. immigration policy, potentially limiting opportunities for many vulnerable populations seeking asylum and safety in America.

A man has been sentenced to prison after breaking into the studio of renowned artist Damien Hirst while wearing a GPS tag. This incident highlights the ongoing issues of art theft and security, especially concerning high-profile artists. The case serves as a reminder of the vulnerabilities that even the most famous figures face in protecting their creative spaces.