This company creates HISTORY, becomes world’s first company to reach USD 5 trillion market valuation, bigger than the entire Indian economy

The company crossed USD 1 trillion in June 2023, USD 2 trillion in February 2024, and USD 3 trillion in June 2024. The company was valued at approximately USD 400 billion before the debut of OpenAI’s ChatGPT in late 2022.

Nvidia Corp crossed the USD 5 trillion market value mark for the first time on Wednesday after its shares rose more than 3 per cent at the start of trading. This made the chipmaker the biggest winner of the global artificial intelligence (AI) boom. The fresh jump followed a 5 per cent rise on Tuesday, as investors continued to buy Nvidia shares amid strong demand for its AI chips and growing hopes for new business opportunities.

Investor confidence grew further after US President Donald Trump said he would meet Nvidia CEO Jensen Huang to talk about the company’s Blackwell AI processors, before his upcoming meeting with Chinese President Xi Jinping.

The company’s powerful graphics processing units (GPUs) are now used in everything from data centres and self-driving cars to advanced AI models around the world.

The Silicon Valley-based chipmaker hit a major milestone, reaching a USD 5 trillion value just four months after crossing USD 4 trillion. It crossed USD 1 trillion in June 2023, USD 2 trillion in February 2024, and USD 3 trillion in June 2024. The company was valued at approximately USD 400 billion before the debut of OpenAI’s ChatGPT in late 2022. The surge comes from huge demand for its AI chips and a series of big new deals.

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CEO Jensen Huang recently said that Nvidia has received USD 500 billion in new chip orders, showing how quickly the company is expanding in both business and government AI projects.

Nvidia also announced several major partnerships teaming up with Uber to create self-driving taxis, investing USD 1 billion in Nokia to help develop 6G networks, and pledging USD 100 billion with OpenAI to build powerful new data centers for future versions of ChatGPT.

In another major step, Nvidia is collaborating with the U.S. Department of Energy to build seven advanced AI supercomputers, strengthening its position as a leader in high-performance computing.

Nvidia now dominates about 90 per cen of the market for AI chips used in the massive data centers that run artificial intelligence systems for companies like Microsoft, Meta, Amazon, OpenAI, and others.

This week, Apple and Microsoft also joined Nvidia in the USD 4 trillion market value club. Apple’s stock jumped after strong sales of its iPhone 17 lineup, while Microsoft’s value crossed the mark following news about its new investment in a reorganized OpenAI.