Nvidia becomes world’s first $5 trillion company on AI boom

Nvidia Corp achieved a historic $5 trillion market capitalisation on Wednesday as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights.

- BLOOMBERG

The shares rallied as much as 5.2 per cent to $211.47 as of 9:36 am New York time, propelling Nvidia over the milestone. It’s only been four months since the company cracked the $4 trillion barrier, and the rally has accelerated as Huang forges new agreements to supply companies from Nokia Oyj to Samsung Electronics Co and Hyundai Motor Group with chips.

In a bull market that’s been driven by optimism for AI to revolutionise the global economy, Nvidia stands in a league all its own. With a 50 per cent gain this year through Tuesday's close, the stock is single handedly responsible for nearly a fifth of the S&P 500 Index’s 17 per cent advance in 2025. The next two biggest companies are Microsoft Corp and Apple Inc, with valuations of about $4 trillion each.