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 US, China, and Japan.
The company's shares increased by 5.6% to $212.19 on Wednesday, driven by news of US President Donald Trump's expected discussion with Chinese President Xi Jinping about Nvidia's Blackwell chips.
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 milestone.
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