Nvidia is officially a $5 trillion company
Nvidia shares have been on the rise as the company continues to make waves in AI. Apple currently sits behind Nvidia with a $4 trillion market cap, followed by Microsoft, Google’s parent company Alphabet, Amazon, and Meta.
Nvidia crossed the $5 trillion barrier after announcing a deal to purchase $1 billion in Nokia shares, along with a partnership that will help it develop “AI native” 5G-Advanced and 6G cellular networks.
Shares continued to rise after President Donald Trump said on Tuesday that he plans to talk with Chinese President Xi Jinping about Nvidia’s powerful Blackwell AI chip, which export controls currently prevent it from selling in the country.
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