Nvidia shares pop 3% in premarket as tech giant nears historic $5 trillion valuation (www.cnbc.com)

Nvidia shares jumped more than 3% in premarket trading as the company moved within reach of a historic $5 trillion market valuation, driven by CEO Jensen Huang’s bullish outlook and major government deals. Huang said Nvidia expects roughly $500 billion in orders for its AI chips and confirmed plans to build seven new supercomputers for the U.S. government — news that signals sustained, large-scale demand for accelerated compute across industry and public-sector projects. For the AI/ML community, this matters because it underlines that high-performance accelerators remain the critical bottleneck and growth engine for model training and deployment. Large orders and new supercomputers mean more capacity for training ever-larger models, faster iteration for researchers, and expanded inference infrastructure for enterprises. It also reinforces Nvidia’s role in shaping hardware-software stacks, cloud offerings, and supply chains; but it raises concerns about compute concentration, access inequality, and geopolitical implications as governments secure dedicated systems. In short, the move validates massive ongoing investment in specialized AI hardware and will materially influence how and where future models are developed and scaled.