Nvidia has become the world’s first publicly listed company to reach a $5 trillion market capitalization, cementing its dominance as the biggest beneficiary of the global artificial intelligence boom.
The chipmaker’s shares surged 5.6% on Wednesday to a record $212.19, following remarks by U.S. President Donald Trump that he plans to discuss Nvidia’s Blackwell chips with Chinese President Xi Jinping this week.
The rally was further fueled by CEO Jensen Huang’s comments on Tuesday that Nvidia expects to generate $500 billion in AI chip sales and is building seven new U.S. supercomputers focused on security, energy, and science. The company also announced a $1 billion investment in Nokia to develop AI-native 5G-Advanced and 6G networks on Nvidia platforms.
The milestone comes just three months after Nvidia crossed the $4 trillion mark, as its shares have soared more than 50% this year amid surging demand for its graphics processing units (GPUs) — the backbone of AI training and inference systems.
Investors remain bullish on the company’s strategic positioning at the center of the AI revolution, with Nvidia involved in several multi-billion-dollar data center and compute infrastructure projects. In September, the company announced plans to invest up to $100 billion in OpenAI to deploy 10 gigawatts of Nvidia systems powering the startup’s advanced AI models.
At a $5 trillion valuation, Nvidia is now worth more than the combined stock markets of every country except the United States, China, and Japan.
