Nvidia’s stock jumped more than 4 per cent on Wednesday, propelling the United States chipmaker past the $5 trillion market capitalization mark, the first company ever to reach that milestone.

The achievement underscores Nvidia’s extraordinary transformation from a niche maker of video game graphics processors into a dominant force powering the global artificial intelligence revolution.

Nvidia shares surge amid AI demand and strategic Nokia investment

This follows CEO Jensen Huang’s announcement that the company anticipates $500 billion in AI chip orders and plans to build seven new supercomputers for the U.S. government.

Meanwhile, Nvidia revealed a $1 billion investment in Nokia, forming a strategic partnership to advance next-generation 6G cellular technology.

Nvidia’s stock, up 5 per cent on Tuesday, has surged more than 50 per cent year-to-date.