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Posted: Oct 29, 2025 / 10:44 AM EDT
Updated: Oct 29, 2025 / 10:44 AM EDT
(The Hill) — Nvidia has set a new standard in the business world by becoming the first company to achieve a valuation of $5 trillion as of Wednesday.
Following a 3 percent rise in its stock price at the market’s opening, the chipmaker surged past this landmark figure. Nvidia had been approaching this monumental valuation, closing at $4.89 trillion the previous day.
Nvidia became the first $4 trillion company in early July, underscoring the firm’s meteoric rise as a key provider of the chips that are powering the artificial intelligence (AI) boom. It was followed by Microsoft in late July and Apple on Tuesday.
The company’s growth has closely tracked the rise of AI, which exploded into public view in late 2022 with the release of OpenAI’s ChatGPT. Nvidia first crossed $1 trillion in 2023, before reaching $2 trillion and later $3 trillion in 2024.
As countries around the world race to develop AI, Nvidia has increasingly found itself in a complicated position, seeking to sell its chips to both the U.S. and China as the superpowers each seek to dominate the technology.
Amid this dynamic, Nvidia CEO Jensen Huang has developed a close personal relationship with President Donald Trump that was on full display Tuesday at the chipmaker’s GTC conference in Washington.
Huang offered expansive praise for Trump and his administration in a two-hour keynote, touting their energy and manufacturing policies and borrowing the president’s catchphrase in thanking the audience for “making America great again.”
