Nvidia becomes first public company worth $5 trillion

Nvidia has made history as the first public company to surpass a $5 trillion market cap during the ongoing AI boom.

The company’s stock surged over 5.6% on Wednesday, reaching $212.19, following news that President Donald Trump plans to discuss Nvidia’s Blackwell chips with Chinese President Xi Jinping.

CEO Jensen Huang’s announcement of $500 billion in projected AI chip sales and the development of seven new supercomputers for the U.S. in crucial sectors like security and energy have also excited investors. Additionally, Nvidia’s $1 billion investment in Nokia aims to enhance communication service providers’ capabilities for AI-native 5G-Advanced and 6G networks on Nvidia platforms.

This milestone comes shortly after Nvidia exceeded the $4 trillion mark, with its stock surging over 50% this year. The high demand for Nvidia’s GPUs in data centers for various AI applications has contributed to its success.

The tech industry’s optimism about AI’s potential to transform global industries has led to significant investments, including Nvidia’s partnership with OpenAI. Nvidia’s current market cap of $5 trillion places it among the most valuable companies globally.