GPU large-scale GPU factory NVIDIA (NVIDIA) hit a new high this week with strong power in the artificial intelligence (AI) market, rising nearly 3% on September 30, making its market value exceeding the $4.5 trillion junction for the first time, becoming the first company in history to achieve this milestone. Recently, NVIDIA has intensively conducted a series of market transactions of AI-based facilities, further strengthening its current leading position at the core of explosive development of AI, allowing it to increase its share price and also boost the rise of its partner Taiwan Electric's stock price.
NVIDIA's share price has climbed to an all-time high, making it accumulative increase of about 39% from 2025 to the present. NVIDIA's outstanding performance surpasses most other super-large technology stocks, and only Broadcom, a chip manufacturer that is also boosted by OpenAI's positive news, has seen Broadcom's surge in 2025 of about 40%. The continued enthusiasm of this investor reflects the market's confidence in NVIDIA's indispensable position in AI-based facilities.
The key factors that promote NVIDIA's market value flight come from a series of large-scale cooperation agreements recently formed with major AI developer OpenAI. OpenAI recently announced that NVIDIA will invest in the AI application company with a capital investment of up to US$10 billion. What’s more striking is that as part of the collaboration, OpenAI plans to build a data center worth tens of billions of dollars, with NVIDIA’s GPUs fully equipped.
Media report pointed out that the results of this cooperation are now revealed at OpenAI's subsequent announcement of the "Star gate" project jointly conducted with Oracle. The project is expected to build five super-large data centers, which are expected to consume $50 billion and will be equipped with hundreds of thousands of NVIDIA GPUs. The huge scale and cost of these basic facilities show the core value of NVIDIA products in promoting the development of next-generation AI. NVIDIA Executive Chairman Huang Ren-hwa Zeng Ming-ming confirmed that NVIDIA's products account for about 70% of the total capital expenditure of the new AI data center, and this data strongly demonstrates NVIDIA's absolute failure advantage in the hardware supply chain.
Market analysts responded positively to this. Citi analysts raised NVIDIA's target share price from $200 to $210. Analysts noted that after OpenAI announced these big news, they improved their forecasts for AI-based facility spending. In addition, it is also emphasized that OpenAI is actively seeking NVIDIA's help because NVIDIA has extremely attractive products and the computing resources consumed by each user are continuing to grow.
And not just OpenAI, the world's major technology giants are also rushing to increase spending on their AI-based facilities. Facebook's parent companies Meta, Google and other companies have all expanded and related construction on a large scale. Against this background, NVIDIA, as one of the major shareholders, cloud service provider CoreWeave, has also announced that it has reached an important transaction. CoreWeave will provide Meta with $1.42 billion worth of AI-based facilities. This transaction further demonstrates the wide influence of NVIDIA's ecological system in the global cloud and AI computing markets.
And with thousands of billions of dollars in capital being invested in the construction of data centers with NVIDIA GPU as the core, NVIDIA is at the top of a historic wave of technological transformation. Analysts are optimistic about its prospects and believe that the strong demand for AI-based facilities will continue to push NVIDIA shares to remain strong in the future. Although the market is worried about whether there is an AI bubble, the current large number of basic facility construction contracts show that funds are rushing into hardware assets at an unprecedented speed, further confirming NVIDIA's key position as the spokesperson of the AI era.