Nvidia becomes first public company worth $5 trillion

In a groundbreaking achievement, Nvidia has become the first publicly traded company to reach a staggering market capitalization of $5 trillion. This milestone was celebrated as the company's stock price soared by over 5.6% on Wednesday, climbing to approximately $212.19. The rise in share price follows U.S. President Donald Trump's anticipation of discussing Nvidia's advancements in Blackwell chips with Chinese President Xi Jinping. Adding to the excitement, Nvidia CEO Jensen Huang revealed on Tuesday that the company forecasts a remarkable $500 billion in sales from AI chips. Furthermore, Nvidia is in the process of constructing seven new supercomputers across the United States aimed at enhancing security, energy, and scientific research, all of which will utilize thousands of Nvidia GPUs. In a strategic move, Nvidia also announced a $1 billion investment in Nokia, intending to leverage Nokia's products to facilitate the launch of AI-native 5G-Advanced and 6G networks on its platforms. This achievement comes just three months after Nvidia crossed the $4 trillion mark, with its stock experiencing a remarkable surge of over 50% this year. The increasing demand for Nvidia's graphics processing units (GPUs) has been a significant factor, as these chips are essential for training large language models and other AI applications in data centers. Nvidia's GPUs have become increasingly valuable due to their limited availability, and the company has strategically positioned itself to maximize their impact in the expanding data center sector. The tech industry as a whole has witnessed a rally this year, driven by optimism regarding AI technologies and their potential to transform various industries, reminiscent of the internet's revolutionary impact on business. Investors have been particularly encouraged by a series of multi-billion-dollar deals, many of which have placed Nvidia at the forefront of initiatives aimed at enhancing data center capabilities for resource-intensive AI models. Notably, in September, Nvidia pledged up to $100 billion to OpenAI, further solidifying its role in the AI landscape. Together, both companies aim to deploy 10GW of Nvidia's systems to power OpenAI's infrastructure. With a market cap now exceeding $5 trillion, Nvidia stands as a colossal entity, surpassing the combined stock markets of all nations except the United States, China, and Japan.