Nvidia has become the world’s first $5tn company after the US chip giant’s stock was propelled by strong sales of its artificial intelligence systems and the prospect of expanded access to the Chinese market.
The Silicon Valley-based company, which has been the biggest beneficiary of booming AI investment, closed 3.1 per cent higher on Wednesday, pushing its market capitalisation to $5.03tn.
US President Donald Trump said on Wednesday that he planned to discuss Nvidia’s Blackwell chip with China’s President Xi Jinping when the two leaders meet later this week, raising the prospect that Nvidia could regain access to a lucrative market for its semiconductors.
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