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Nvidia is now worth $5 trillion, a new record amid global AI boom – National TenX News

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Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a rally that has cemented its place at the center of the global artificial intelligence boom.

The Wall Street 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 U.S. and China.

Since the launch of ChatGPT in 2022, Nvidia’s shares have climbed 12-fold as the AI frenzy propelled the S&P 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.

“Nvidia hitting a $5 trillion market cap is more than a milestone; it’s a statement, as Nvidia has gone from chip maker to industry creator,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown, which holds shares in the company.

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“The market continues to underestimate the scale of the opportunity, and Nvidia remains one of the best ways to play the AI theme.”

After a string of recent announcements solidified its dominance in the AI race, shares of the Santa Clara, California-based company ended Wednesday’s session up 3% at $207.04, giving it a stock market value of $5.03 trillion.

Huang announced $500 billion in AI chip orders on Tuesday and said he plans to build seven supercomputers for the U.S. government.

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Meanwhile, President Donald Trump is expected to discuss Nvidia’s Blackwell chip with Chinese President Xi Jinping on Thursday. Sales of the high-end chip have been a key sticking point between the two sides due to Washington’s export controls.

Stock surge boosts CEO’s wealth

At current prices, CEO Huang’s stake in Nvidia would be worth about $179.2 billion, according to regulatory filings and Reuters calculations. He is the world’s eighth-richest person, per Forbes’ billionaire list.

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Born in Taiwan and raised in the United States from age nine, Huang has led Nvidia since founding it in 1993. Under his leadership, the company’s H100 and Blackwell processors have become the engines behind large-language models powering tools such as ChatGPT and Elon Musk’s xAI.

While Nvidia remains the clear front-runner in the AI race, Big Tech peers Apple and Microsoft have also reached $4 trillion in market value in recent months.

Analysts say the rally reflects investor confidence in unrelenting AI spending, though some warn valuations may be running hot.

“AI’s current expansion relies on a few dominant players financing each other’s capacity. The moment investors start demanding cash-flow returns instead of capacity announcements, some of these flywheels could seize,” said Matthew Tuttle, CEO of Tuttle Capital Management.

Tech companies’ heavy weighting in the S&P 500 and Nasdaq 100 gives them broad influence over global markets.

Nvidia is due to report quarterly results on November 19.

Geopolitical bargaining chip

The company’s dominance has drawn global regulatory scrutiny, with U.S. export curbs on advanced chips making it a key pawn in Washington’s strategy to limit China’s access to AI technology.

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“Nvidia clearly brought their story to D.C. to both educate and gain favor with the U.S. government,” said Bob O’Donnell of TECHnalysis Research. “They managed to hit most of the hottest and most influential topics in tech.”

The developer conference on Tuesday also served as a platform for Huang to walk a geopolitical tightrope.

He praised Trump’s “America First” policies for accelerating domestic tech investment, while warning that excluding China from Nvidia’s ecosystem could limit U.S. access to half of the world’s AI developers.

Rivals including Advanced Micro Devices and several well-funded startups are seeking to challenge Nvidia’s dominance in high-end AI chips, but it remains the industry’s top choice.




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Louvre raises ticket prices for non-Europeans, hitting Canadian visitors TenX News

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A trip to the world’s most-visited museum is about to cost Canadians significantly more.

France has hiked ticket prices at the Louvre by 45 per cent for visitors from outside the European Union, a move that is fuelling debate over so-called dual pricing and the growing backlash against overtourism.

Starting this week, adult visitors from non-EU countries, including Canada, must pay €32 to enter the Paris landmark, up from €22. That’s an increase from about $35 to $52 Canadian.


Click to play video: 'French police arrest 5 more suspects in Louvre heist investigation'


French police arrest 5 more suspects in Louvre heist investigation


Visitors from EU countries, as well as Iceland, Liechtenstein and Norway, will continue to pay the lower rate.

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The price hike comes as the Louvre grapples with repeated labour strikes, a high-profile daylight jewel heist last October that prompted a costly security overhaul, and years of chronic overcrowding. The museum attracts roughly nine million visitors annually.

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Some Canadian tourists told Global News they feel unfairly targeted.

“We didn’t cause the robberies or some of the other issues that happened and we are paying the consequences,” said Allison Moore, visiting Paris from Newfoundland with her daughter. “[In] Canada we don’t discriminate over pricing like that.”

Others argue tourists already shoulder higher costs simply by travelling long distances.

“In general for tourists, I think things should be a little cheaper than for local people, because we have to travel to come all the way here,” said Darla Daniela Quiroz, another Canadian visitor. “It should be equal pricing, or a little bit cheaper.”


Click to play video: 'Louvre slammed for spending money on art instead of security in years before heist'


Louvre slammed for spending money on art instead of security in years before heist


Even some Europeans question the two-tiered system. A French tourist interviewed outside the museum said there was “no reason” to charge non-Europeans more and that the fee should be the same for everyone.

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Tourism experts say the Louvre’s financial pressures help explain the decision.

“The Louvre is really cash-strapped right now and needs to do something,” said Marion Joppe, a professor at the University of Guelph. “It can’t really look to the government, which is already struggling with its own budget.”

The move also reflects a broader global pushback against mass tourism. Anti-tourism protests have spread across parts of Spain, New Zealand has increased its entry tax, and the United States recently raised national park fees for foreign visitors.

“You take Paris — it gets about 50 million tourists a year,” said Julian Karaguesian, an economist at McGill University. “That’s roughly a million a week. The city simply wasn’t built for those kinds of numbers.”

Despite the higher price, many visitors say they will still line up to see the Mona Lisa and other of the museum’s famous artworks.

“It’s one of the main attractions. It’s on everybody’s list,” Moore said. “We’re still going to go, and hopefully it will be worth it in the end.”


&copy 2026 Global News, a division of Corus Entertainment Inc.



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Trump calls Canada-China deal ‘good thing’ as U.S. officials voice concern – National TenX News

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Canada’s new trade deal with China is getting a mixed reaction in Washington, with U.S. President Donald Trump voicing support as administration officials warned Ottawa could regret allowing Chinese EVs into the Canadian market.

The deal signed with Beijing on Friday reverses course on 100 per cent tariffs Canada slapped on Chinese electric vehicles in 2024, which aligned with similar U.S. duties. Canada and China also agreed to reduce tariffs on canola and other products.

Asked about the deal by reporters at the White House, Trump said Prime Minister Mark Carney was doing the right thing.

“That’s what he should be doing. It’s a good thing for him to sign a trade deal. If you can get a deal with China, you should do that,” Trump said.

However, members of Trump’s cabinet expressed concern.

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“I think they’ll look back at this decision and surely regret it to bring Chinese cars into their market,” U.S. Transportation Secretary Sean Duffy said at an event with other U.S. government officials at a Ford factory in Ohio to tout efforts to make vehicles more affordable.

U.S. Trade Representative Jamieson Greer told reporters the limited number of vehicles would not impact American car companies exporting cars to Canada.

“I don’t expect that to disrupt American supply into Canada,” he said.

“Canada is so dependent on the United States for their GDP. Their entire population is crowded around our border for that reason. I’ll tell you one thing: if those cars are coming into Canada, they’re not coming here. That’s for sure.”

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Carney has said it’s necessary for Canada to improve trade ties and cooperation with China in light of Trump’s trade war and threats to let the Canada-U.S.-Mexico Agreement on free trade expire.


Click to play video: 'Carney welcomes ‘new era’ of Canada-China relations following ‘historic agreement’ with Xi Jinping'


Carney welcomes ‘new era’ of Canada-China relations following ‘historic agreement’ with Xi Jinping


The trade pact is up for review this summer, and Greer reiterated that the Trump administration wants to bring more auto manufacturing back to the U.S. and incentivize companies to do so.

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Under the new deal with Beijing, Carney said he expects China will lower tariffs on its canola seed by March 1 to a combined rate of about 15 per cent.

Greer questioned that agreement in a separate CNBC interview.

“I think in the long run, they’re not going to like having made that deal,” he said.

He called the decision to allow Chinese EVs into Canada “problematic” and added: “There’s a reason why we don’t sell a lot of Chinese cars in the United States. It’s because we have tariffs to protect American auto workers and Americans from those vehicles.”

Greer said rules adopted last January on vehicles that are connected to the internet and navigation systems are a significant impediment to Chinese vehicles in the U.S. market.

“I think it would be hard for them to operate here,” Greer said. “There are rules and regulations in place in America about the cybersecurity of our vehicles and the systems that go into those, so I think it might be hard for the Chinese to comply with those kind of rules.”


Click to play video: '‘I don’t trust what the Chinese put in these cars’: Doug Ford unhappy about Canada-China EV deal'


‘I don’t trust what the Chinese put in these cars’: Doug Ford unhappy about Canada-China EV deal


Trump and officials like Greer have taken aim at Chinese attempts to enter the North American car market through Mexico by bypassing rules of origin under CUSMA.

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The CUSMA review set for July is expected to address those loopholes that American and Canadian officials have said are being exploited by China.

Those concerns, which were also raised by the Biden administration, in part helped spur the steep tariffs on Chinese EVs, which are heavily subsidized by Beijing.

Trump, however, has also said he would like Chinese automakers to come to the United States to build vehicles.

Both Democrat and Republican lawmakers in the U.S. have expressed strong opposition to Chinese vehicles as major U.S. automakers warn China poses a threat to the U.S. auto sector.

Ohio Senator Bernie Moreno, a Republican, said at Friday’s event at the Ford plant that he was opposed to Chinese vehicles coming into the United States, and drew applause from the other government officials.

“As long as I have air in my body, there will not be Chinese vehicles sold the United States of America — period,” Moreno said.

—with files from Reuters


&copy 2026 Global News, a division of Corus Entertainment Inc.



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Canada-China trade deal framed as a win for B.C.’s economy TenX News

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Prime Minister Mark Carney’s trade mission to China is being framed as a win for British Columbia’s economy.

Carney announced a new deal with Beijing on electric vehicles and canola at the end of a high-profile trip on Friday.

“The inroads Canada has made this week are a sign that the government gets it and is showing Canadians and the world that we are open for business,” Alexa Young with the Vancouver Fraser Port Authority said.

The trade deal would allow up to 49,000 Chinese EVs into Canada yearly at a tariff rate of 6.1 per cent.

An expanded auto terminal on Annacis Island will be able to handle the additional volume of cars that could be more affordable than what is currently on the market, with prices expected to be under $40,000.

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The New Car Dealers Association said in a statement to Global News that, “We look forward to reviewing the full details of this announcement and engaging constructively with governments to ensure that affordability, competition, and long-term market stability remain central considerations.”


Click to play video: 'Canada reaches tariff deal with China on canola, electric vehicles'


Canada reaches tariff deal with China on canola, electric vehicles


In British Columbia, the overall reaction to the news on Friday is positive.

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“China’s economy is important,” Alex McMillan with the B.C. Chamber of Commerce said.

“Having trade deals like this — and diversifying our markets — is important. Providing certainty is important.”

There are concerns with the agreement, including privacy issues and China’s human rights record. But Ottawa’s goal is to double trade with partners outside the United States, which is a goal that would be impossible without China.

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“We do want to see more trade and more diversification of our markets and know that China is an important nation and important economy, so having better trade relationships with them, I think overall is going to be good,” McMillan said.

–with files from The Canadian Press


&copy 2026 Global News, a division of Corus Entertainment Inc.



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