Nvidia has become the worlds 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 chipmakers shares surged 5.6 on Wednesday to a record 212.19, following remarks by U.S. President Donald Trump that he plans to discuss Nvidias Blackwell chips with Chinese President Xi Jinping this week.
The rally was further fueled by CEO Jensen Huangs 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.
