Nvidia's Ascendancy: On the Brink of a $5 Trillion Milestone

Nvidia is nearing a $5 trillion market valuation, fueled by a rise in AI demand and strategic announcements by CEO Jensen Huang. The company's role in the AI boom is strengthened by plans to build supercomputers and substantial AI chip bookings, positioning it alongside tech giants like Apple and Microsoft.

Nvidia is on the cusp of becoming the first $5 trillion company, driven by an extraordinary surge linked to the artificial intelligence boom.

The company, based in Santa Clara, California, saw a 2.8% rise in premarket shares after CEO Jensen Huang announced $500 billion in AI chip bookings and plans for supercomputers, boosting investor confidence.

This ascent comes as Apple and Microsoft each surpassed $4 trillion valuations, integrating Nvidia into the elite tier of industry-transforming tech giants.

(With inputs from agencies.)