Nvidia becomes world's first $5-trillion company

History-making milestone comes just months after tech giant hit $4-trillion mark as it rides Al boom.

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American technology company Nvidia made history on Wednesday, becoming the world’s first $5-trillion company.

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Demand for the company’s artificial intelligence chips has propelled its market valuation on the heels of breaching the $4-trillion mark just three months ago.

Nvidia reached its latest milestone at Wednesday’s open, with the company’s shares (NVDA) rising 3%. Nvidia stock has gained about 50% this year and has been near or at the top of the S&P 500’s best-performing stocks for years as investment in Al continues to fuel the chipmaker’s ascent.

Since the launch of ChatGPT in 2022, Nvidia’s shares have climbed 12-fold and debate has raged about whether tech valuations could lead to the next big bubble.