Nvidia becomes first public company worth $5 trillion

Nvidia, the biggest beneficiary of the ongoing AI boom, has become the first publicly traded company to cross the $5 trillion market cap mark.

The company’s shares rose more than 5.6% to as much as $212.19 on Wednesday, following news Wednesday that US President Donald Trump said he expected to discuss the company’s Blackwell chips with Chinese President Xi Jinping on Thursday.

Investors are also likely pleased with Nvidia CEO Jensen Huang’s comments Tuesday that the company expects $500 billion in AI chip sales and that it is building seven new supercomputers for the US in areas such as security, energy and science that require thousands of Nvidia GPUs. The company also said on Tuesday that it had invested $1 billion to Nokia and would use some of its products to “enable communications service providers to launch AI-native 5G-Advanced and 6G networks on NVIDIA platforms.”

The milestone comes just three months after Nvidia became the first company to cross the $4 trillion milestone. The stock is up more than 50% so far this year, buoyed by seemingly insatiable demand for its graphics processing units (GPU), which are widely used in data centers for training large language models, inference, and more. Nvidia’s GPUs are valuable because they are scarce – and by trading them directly for an ever-expanding data center system, Nvidia is ensuring they stay that way.

More broadly, technology stocks have soared this year on optimism that AI technology will revolutionize industries around the world, similar to how the advent of the Internet has changed the business world. Over the past year, investors have been encouraged by a series of multibillion-dollar transactions – several of which were Nvidia-centered – to fuel the development of data centers and infrastructure to build the computing capacity for resource-intensive AI models. In September, Nvidia announced it would invest up to $100 billion over the coming years in OpenAI, another beneficiary of the AI ​​boom. Both companies said at the time that they plan to deploy 10 GW of Nvidia systems to power OpenAI’s systems.

With a market cap of $5 trillion, Nvidia is now worth more than… aggregated stock markets of all countrieswith the exception of the United States, China and Japan.