Nvidia becomes first $5 trillion firm as AI rally picks up steam
AI Summary
Nvidia reached a market capitalization of $5 trillion on Wednesday, becoming the first company to do so. The stock closed 3.1% higher at $207.16, driven by CEO Jensen Huang's strategic deals with companies like Nokia Oyj and Samsung Electronics. Nvidia’s surge has accelerated since breaking the $4 trillion mark four months ago, reflecting growing optimism about AI transforming the global economy. With a 54% gain this year, Nvidia is responsible for nearly one-fifth of the S&P 500 Index's 17% advance in 2025. The company’s valuation now surpasses that of Microsoft and Apple, both valued at around $4 trillion each.
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