Nvidia just became the first company in the world to be worth $5 trillion, just four months after it made history by hitting a $4 trillion market capitalization.
The company owed that last bump to a series of high-profile announcements that CEO Jensen Huang made at the first Washington D.C. edition of its conference, GTC, and the raging hype cycle around companies working in AI.
On Tuesday, Huang announced that Nvidia would partner with:
The company also delighted investors when Huang announced that Nvidia is expecting half a trillion dollars in orders for its Blackwell and Rubin chips through next year.
Also helping Nvidia’s case is its close ties to the Trump administration, which was on full display at the GTC in D.C. Huang spent a good chunk of his time praising the administration and the President personally, saying that “no one works harder” than him. Huang also told the crowd that he is jetting off to South Korea to meet the President on his Asia diplomacy tour. Trump is supposed to have a key trade meeting with China’s Xi Jinping in South Korea, and the outcome of that meeting is likely to be of great concern to Nvidia.
Perhaps the only thing that has been weighing on Nvidia in the market the past few months has been the trade dispute between the U.S. and China. Nvidia has been caught in the crossfire of that dispute many times. The tech giant is banking on a trade deal that would allow it to resume selling its chips in China, in what was once one of its strongest markets. Gaining Trump’s confidence is key to doing that.
The market value of the biggest names in AI is off the charts, and Nvidia leads the charge. There are only three companies in the world that are worth more than $4 trillion, and they are all tech giants buoyed by the AI trade. Microsoft was the second company to cross the benchmark after Nvidia in July, and Apple became the third yesterday.
This meteoric rise in value only makes fears of an AI bubble worse. Not only are most experts raising concerns that AI companies are overvalued, but their outsized influence on the market and the U.S. economy makes any downturn correction dangerous. The Bank of England warned earlier this month that “equity market valuations appear stretched” for AI companies, stock market price valuations were comparable to the peak of the dot-com bubble, and that the market share of the top five members of the S&P 500 (Nvidia, Microsoft, Apple, Amazon, and Meta) was at its highest concentration in 50 years.
The U.S. market is banking on an unprecedented boom in AI demand, and Nvidia is considered the darling of the AI trade. They are in charge of supplying the chips that are at the core of this infrastructure build-out. But if demand does not shape up as expected or if the build-out runs into any material bottlenecks, like supply chain problems or a lack of energy and resources, then all this valuation (and everything attached to it) is at risk of coming crashing down.
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![New Google commercial imagines a Declaration of Independence written with help from AI | TechCrunch
Two hundred and fifty years after the signing of the Declaration of Independence, a new commercial from Google asks: What if the Founding Fathers had access to Google Workspace?
With the tagline “Group project, but make it 1776,” the ad depicts a largely unseen Thomas Jefferson mid-draft when he gets a nagging text from Ben Franklin, leading to a very Google-centric collaboration process. Edits are suggested in Google Docs, a meeting gets scheduled in Google Calendar and conducted remotely via Google Meet (with every single attendee apparently turning their camera off?), then the whole thing is finalized with e-signatures; cue the fireworks.
Of course, since this is an ad from a tech company in the year 2026, AI has a role to play. The fictionalized founders use Google’s “help me visualize” AI tool to try out different animals on the national seal, Gemini takes notes on the meeting, and the founders also ask the chatbot for advice before declining King George III’s document access request.
The whole thing is very tongue-in-cheek (at one point, Sam Adams asks, “Can we settle this over beers?”), and the AI evangelism is relatively discreet when compared to many other recent ads. And unlike that infamous Google commercial in which a father uses Gemini to write a fan letter for his daughter, this one shies away from any suggestion that the actual text of the Declaration of Independence would be improved with AI. Perhaps the most AI-forward element of the ad is the footage itself, which to my eye has the uncanny glow of AI-generated video.
While viewer comments on YouTube and Instagram appear to be mostly positive, you may not be surprised to learn that the response on Bluesky has been far more critical. Posters declared the commercial “cringey” and “stunningly tone deaf,” and the AI angle was the biggest target — even as many users, including historian Angus Johnston, noted that it’s “amazing how little of this is actually AI.”
“Even in a corny fantasy joke, it’s impossible to make the case that AI is a useful tool for political organizing, writing, or human collaboration,” Johnston said.
[embed]https://www.youtube.com/watch?v=Q3RjZY-rSsc[/embed]
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.#Google #commercial #imagines #Declaration #Independence #written #TechCrunchgemini,Google](https://i2.wp.com/techcrunch.com/wp-content/uploads/2026/07/google-declaration-of-independence.jpg?w=1200&ssl=1 "New Google commercial imagines a Declaration of Independence written with help from AI | TechCrunch
Two hundred and fifty years after the signing of the Declaration of Independence, a new commercial from Google asks: What if the Founding Fathers had access to Google Workspace?
With the tagline “Group project, but make it 1776,” the ad depicts a largely unseen Thomas Jefferson mid-draft when he gets a nagging text from Ben Franklin, leading to a very Google-centric collaboration process. Edits are suggested in Google Docs, a meeting gets scheduled in Google Calendar and conducted remotely via Google Meet (with every single attendee apparently turning their camera off?), then the whole thing is finalized with e-signatures; cue the fireworks.
Of course, since this is an ad from a tech company in the year 2026, AI has a role to play. The fictionalized founders use Google’s “help me visualize” AI tool to try out different animals on the national seal, Gemini takes notes on the meeting, and the founders also ask the chatbot for advice before declining King George III’s document access request.
The whole thing is very tongue-in-cheek (at one point, Sam Adams asks, “Can we settle this over beers?”), and the AI evangelism is relatively discreet when compared to many other recent ads. And unlike that infamous Google commercial in which a father uses Gemini to write a fan letter for his daughter, this one shies away from any suggestion that the actual text of the Declaration of Independence would be improved with AI. Perhaps the most AI-forward element of the ad is the footage itself, which to my eye has the uncanny glow of AI-generated video.
While viewer comments on YouTube and Instagram appear to be mostly positive, you may not be surprised to learn that the response on Bluesky has been far more critical. Posters declared the commercial “cringey” and “stunningly tone deaf,” and the AI angle was the biggest target — even as many users, including historian Angus Johnston, noted that it’s “amazing how little of this is actually AI.”
“Even in a corny fantasy joke, it’s impossible to make the case that AI is a useful tool for political organizing, writing, or human collaboration,” Johnston said.
[embed]https://www.youtube.com/watch?v=Q3RjZY-rSsc[/embed]
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.#Google #commercial #imagines #Declaration #Independence #written #TechCrunchgemini,Google")
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