Fuelled by surging AI adoption, Nvidia’s market value soared to $5 trillion, cementing its lead in the global tech race.
Nvidia made history on Wednesday by becoming the first company to reach a $5 trillion market valuation, cementing its dominance in the global artificial intelligence (AI) revolution. The milestone underscores the chipmaker’s rapid rise from a niche graphics card designer to the central force powering the world’s AI infrastructure.
Shares of the Santa Clara-based company closed 3% higher at $207.04, giving it a market capitalization of $5.03 trillion, a figure that now surpasses the total value of the global cryptocurrency market. The surge follows a series of major announcements, including CEO Jensen Huang’s revelation that Nvidia has received $500 billion in AI chip orders and plans to build seven supercomputers for the US government.
Since the debut of ChatGPT in 2022, Nvidia’s shares have soared twelvefold, driven by relentless demand for its powerful AI processors that underpin everything from data centers to autonomous systems. The rally has also fueled record highs in the S&P 500 and renewed debate over whether surging tech valuations signal another market bubble.
“Nvidia hitting a $5 trillion market cap is more than a milestone; it’s a statement,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown. “The market continues to underestimate the scale of the opportunity.”
Nvidia’s dominance also remains central to geopolitical tensions, as US export controls on its advanced chips have become a key issue in talks between Washington and Beijing.
