Nvidia becomes first public company worth $5 trillion (techcrunch.com)

Nvidia on Wednesday became the first public company to top a $5 trillion market capitalization, as shares jumped more than 5.6% to $212.19. The surge followed news President Trump expects to raise Nvidia’s new Blackwell chips with China’s Xi Jinping and CEO Jensen Huang’s projection that Nvidia will sell roughly $500 billion in AI chips. The company also said it’s building seven new supercomputers for U.S. projects (security, energy, science) that will require thousands of GPUs, invested $1 billion in Nokia to help enable AI-native 5G-Advanced and 6G, and previously pledged up to $100 billion to OpenAI with plans to deploy 10 GW of Nvidia systems. Nvidia crossed $4 trillion just three months ago and is up over 50% year-to-date. The milestone underscores how central high-performance GPUs and proprietary platforms are to the AI economy: they’re the scarce, specialized compute for training large language models and inference, and Nvidia’s hardware-plus-ecosystem strategy is concentrating that capability. That concentration drives massive infrastructure deals and reshapes data-center investment, but it also raises geopolitical and supply-chain scrutiny—illustrated by a potential Trump–Xi discussion about chips. For engineers and AI businesses, the takeaway is clear: access to Nvidia-class GPU capacity is rapidly becoming the bottleneck and strategic fulcrum of large-scale AI development.