Nvidia surpasses a $5 trillion market cap, fueled by demand for AI technologies. This growth is marked by strategic partnerships and strong market conditions, positioning Nvidia as central to AI advancements.

Nvidia was set to make history on Wednesday by becoming the first company to notch $5 trillion market value, extending a powerful rally that has that has cemented its place at the center of the artificial intelligence boom.

Nvidia’s milestone, the first publicly traded company to top $5 trillion in market value, is indicative not only of the astonishing levels of wealth consolidating among a handful of Silicon Valley companies but also the strategic importance of this company, which added $1 trillion in market value in just the past four months.

Apple and Microsoft are each within touching distance of a $4tn (£3.01tn) market valuation, setting the stage for a big week of earnings on Wall Street as investor confidence in AI continues to propel Big Tech stocks to new heights.

The firm cited significant growth visibility and material EPS upside potential behind the rating affirmation. In particular, it talked about how Nvidia has revealed more than $500 billion in demand for its next-generation Blackwell and Rubin chips. This demand is much higher than what the Street anticipates.

Samsung Electronics reported record-breaking memory chip revenue in the third quarter, signaling a strong turnaround powered by surging global demand for artificial intelligence (AI) technologies. The South Korean

Nvidia becomes the first $5 trillion company, driven by massive AI chip demand and global partnerships. CEO Jensen Huang reveals $500 billion in orders and new investments in OpenAI, Uber and Nokia.

Shares of the California-based tech giant climbed 3 per cent in premarket trading on Wednesday after CEO Jensen Huang announced $500 billion worth of artificial intelligence (AI) chip bookings.