Nvidia Reaches $5 Trillion Market Cap
Nvidia has become the first public company to surpass a $5 trillion market cap, exceeding the combined stock markets of all countries except the United States, China, and Japan.
The company's shares increased by 5.6% to $212.19 on Wednesday, following 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 leading beneficiary of the ongoing AI boom.
Author's summary: Nvidia reaches $5 trillion market cap milestone.