Shorts
What happened
Nvidia, the company that makes the computer chips powering most AI systems, just became the most valuable company ever recorded, crossing a $5.5 trillion market cap. To put that in perspective, that's larger than the entire economy of Japan.
Why it matters
The context behind the story.
Nvidia makes the specialized hardware that every major AI company — from Google to OpenAI — depends on to operate. As AI has exploded in importance, so has demand for their chips. One company now sitting at the center of the AI revolution is worth more than entire nations, and that concentration of power is something governments and economists are watching closely.
Takeaway
The pick-and-shovel business of the AI gold rush just became the most valuable business on Earth.
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