Nvidia (NASDAQ: NVDA) has made history by becoming the first company ever to surpass a $5 trillion market valuation, cementing its dominance as the undisputed leader of the global AI revolution.
Shares of Nvidia surged 3.4% at the market open on Wednesday, propelling its market capitalization above the $5 trillion mark for the first time. The rally follows mounting optimism over the company’s expanding AI ecosystem, coupled with renewed expectations for growth in China.
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Investor enthusiasm was further boosted by remarks from President Donald Trump, who said he would meet with Nvidia CEO Jensen Huang to discuss the company’s latest generation of Blackwell AI chips. Bloomberg reported that a version of these chips could soon receive approval for export to China — a development that could unlock a major revenue stream.
In its latest quarterly results released on August 27, Nvidia revealed it had generated no sales of its earlier H20 chips to China. In July, the White House disclosed that it had reached a tentative agreement with Nvidia to allow such exports in exchange for a 15% revenue share, though the arrangement has yet to be finalized.
Nvidia’s milestone follows a 5% stock jump on Tuesday, spurred by a flurry of announcements at the company’s GTC conference in Washington, D.C. The company unveiled a series of high-profile partnerships across industries, underscoring the broad adoption of its AI technology.
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Among the highlights, Nvidia announced collaborations with the U.S. Department of Energy to construct seven new supercomputers, including one powered by 10,000 Blackwell GPUs. It also revealed deals with Uber (UBER) on self-driving cars, Eli Lilly (LLY) for AI-driven drug discovery, and Nokia (NOK) for 6G wireless development. Additional partnerships include Palantir (PLTR), Oracle (ORCL), Cisco (CSCO), and T-Mobile (TMUS) for AI and network innovation.
In robotics and automation, Nvidia’s AI chips are now integral to systems developed by Amazon, Foxconn, Caterpillar, and Belden. The company also introduced NVQLink, a new open systems architecture designed to accelerate quantum supercomputing, in collaboration with Rigetti (RGTI) and IonQ (IONQ).
During his keynote, Huang projected that Nvidia could generate $500 billion in GPU sales through 2026, a staggering leap from the $100 billion revenue already recorded in the first half of this year — underscoring the company’s unmatched leadership in the AI era.
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