Nvidia Reaches $5 Trillion Market Cap
Nvidia has become the first public company to surpass a $5 trillion market capitalization, exceeding the combined stock market value of all countries except the United States, China, and Japan.
The company's shares increased by 5.6% to $212.19 on Wednesday, driven by news that US President Donald Trump plans to discuss Nvidia's Blackwell chips with Chinese President Xi Jinping.
Nvidia CEO Jensen Huang announced expectations of $500 billion in AI chip sales and the construction of seven new supercomputers for the US, requiring thousands of Nvidia GPUs.
This milestone solidifies Nvidia's position as a major beneficiary of the ongoing AI boom.
Author's summary: Nvidia reaches $5 trillion market cap.
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