Nvidia becomes first company to reach $5 trillion valuation
Nvidia made history as the first company to reach $5 trillion in market value, powered by a rally that has cemented its place at the center of the global artificial intelligence boom. The value of Nvidia alone is now worth more than the GDP of every country on earth, except for the United States and China. Nvidia’s $5 trillion market cap is also bigger than the combined market values of all of its competitors — AMD, Intel, Broadcom, TSMC, Micron, ASML, Lam Research, Qualcomm and Arm Holdings.
The stock market milestone underscores the company's swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, turning CEO Jensen Huang into a Silicon Valley icon and making its advanced chips a flashpoint in the tech rivalry between the U.S. and China.
Since the launch of ChatGPT in 2022, Nvidia's shares have climbed 12-fold as the AI frenzy propelled the S&P 500 to record highs, igniting a debate on whether frothy tech valuations could lead to the next big bubble.
Born in Taiwan and raised in the United States from age nine, CEO Huang has led Nvidia since founding it in 1993. Under his leadership, the company's H100 and Blackwell processors have become the engines behind large-language models powering tools such as ChatGPT and Elon Musk's xAI.
While Nvidia remains the clear front-runner in the AI race, Big Tech peers Apple and Microsoft have also reached $4 trillion in market value in recent months.
