Nvidia Becomes First $5 Trillion Company in History

Nvidia has become the first company in history to be valued at more than $5 trillion.

Nvidia continues to be the biggest winner from the AI boom. (Photo: NVIDIA Facebook)

Nvidia stock rose as much as 3.4% at market open, pushing its capitalization above the milestone as the chip giant continues to be the biggest winner from the AI boom, Daniel Howley reported for Yahoo Finance.

The company reached the milestone after comments from President Trump on Wednesday, ahead of a planned meeting with CEO Jensen Huang, added to optimism around prospects for Nvidia’s sales in China.

Trump told reporters that he and Huang would be “speaking about Blackwells,” Bloomberg reported, referring to the company’s AI chips—versions of which could soon receive approval for export to China.

In its most recent quarterly report on Aug. 27, Nvidia said it recorded no sales of its earlier-generation H20 chips in China.

In July, the White House announced that it had struck a deal with Nvidia to allow H20 chip exports to China in exchange for a 15% cut of revenue, though Nvidia said the arrangement had not yet been formalized.

Nvidia’s rise on Wednesday followed a 5% jump in its stock on Tuesday, catalyzed by a series of announcements from the company during its GTC event in Washington, D.C.