Nvidia Becomes First to Reach a $5 Trillion Market Value

Nvidia became the first company to reach a market value of $5 trillion on Wednesday, as its shares jumped on the Nasdaq and investors priced in surging demand for the chipmaker’s artificial intelligence products and a string of large orders and partnerships. The milestone comes roughly three months after Nvidia crossed the $4 trillion mark and follows a strong run for the stock this year.

Shares rose at the opening and traded near $210, valuing the company at about $5.1 trillion. The rally reflects investor enthusiasm for Nvidia’s data center graphics processing units, which power large-scale AI training and inference, and for the company’s pipeline of products and contracts. The stock has gained roughly 50 percent so far in 2025, driven by expectations of sustained AI infrastructure spending.

Nvidia has pointed to substantial, locked-in demand for its chips. Chief Executive Jensen Huang announced confirmed orders and backlog for upcoming chips totaling about $500 billion and said the company plans to build seven supercomputers for the U.S. government. Nvidia also disclosed a multibillion-dollar commercial relationship with OpenAI that includes long-term chip supply and a...