Nvidia Becomes World’s First $5T Company (www.ft.com)

Nvidia has become the world’s first company to hit a $5 trillion market capitalization, a milestone driven by its central role in the AI boom. The stock surge reflects investor recognition that Nvidia’s GPUs, software stack and systems power the fastest-growing segment of tech — large-scale model training and inference for generative AI. Strong data-center revenue, cloud-provider demand for GPU instances, and continued enterprise deployment pushed valuation to this record level and cemented Nvidia as the dominant infrastructure vendor for AI workloads. For the AI/ML community this matters because it validates the economics of specialized accelerators and the software ecosystems that surround them. Nvidia’s tensor-core GPUs (Hopper H100 and successors), Grace CPU/SoC designs, BlueField DPUs, CUDA libraries and optimized ML frameworks have become de‑facto standards for training large neural networks and serving inference at scale. That concentration accelerates R&D and tooling but raises supply-chain, competition and regulatory questions: more investment will flow into accelerator hardware, cloud GPU capacity, and model-hardware co-design, while competitors (AMD, Intel, bespoke ASICs/TPUs) face pressure to close feature and software gaps. Practically, researchers and companies should expect expanding access to GPU-based infrastructure, faster iteration on model scale, and a market that increasingly ties algorithmic advances to specialized hardware capabilities.