Nvidia First U.S. Company to Close Above $5T

Nvidia closed above $5 trillion market capitalization, becoming the first U.S. company to do so, reaching the milestone about 78 trading days after hitting $4 trillion as markets poured into AI. The stock rally followed CEO Jensen Huang’s GTC keynote and was driven by surging demand for Nvidia GPUs’ parallel-processing advantage for AI training and inference. At GTC Nvidia said it had secured more than $500 billion in orders for Blackwell and Rubin GPUs through the end of 2026 and unveiled product and partnership initiatives including the Vera Rubin “superchip,” NVQLink for quantum integration, the BlueField‑4 DPU, Omniverse DSX, gigawatt-scale datacenter reference designs, and advances in co‑packaged optics and higher‑throughput networking. It announced collaborations with the U.S. Department of Energy to build seven AI supercomputers (including Argonne’s Equinox, projected to use roughly 10,000 Blackwell GPUs), and deals with cloud providers, Palantir, Oracle, automakers, Eli Lilly, Uber and a $1 billion 6G investment tie‑up with Nokia. Nvidia also signaled expansion into quantum‑GPU integration and open architectures to pair QPUs with GPUs and positioned its platforms as foundations for large AI deployments. The announcements and bookings fueled the stock rally but prompted warnings from economists and regulators about an AI-driven bubble and raised geopolitical and export‑control concerns over China sales.