Nvidia Has Become The World's First $5 Trillion Company

Nvidia has become the world's first $5 trillion company, outpacing Microsoft and Apple. The achievement is driven by massive demand for its AI chips and key developments in manufacturing and partnerships.

• Nvidia's market cap surged past $5 trillion after shares rose 3%.

• CEO Jensen Huang announced over $500 billion in AI chip orders through 2026.

• Orders offer unprecedented future revenue visibility, tied to current Blackwell and upcoming Rubin chips.

• Trump plans to discuss Nvidia's Blackwell chip with China's Xi Jinping, impacting potential access to the Chinese market.

• Nvidia's market share in China fell from 95% to zero due to export controls, costing billions in revenue.

• Proposed arrangements to export less powerful H20 chips to China remain unfinalized.

• Blackwell GPU production is now in Arizona, with 6 million units shipped and 14 million more expected in the next 5 quarters.

• New $1B partnership with Nokia for 5G/6G, and collaboration with Oracle to build supercomputers for the U.S. Department of Energy.

• Major cloud companies projected to spend $632B on capital expenditures by 2027; hyperscaler capex grew 24% year-over-year.

• Nvidia's share price has risen over 50% in 2025, fueled by strong AI chip demand, controlling about 90% of that market.

• Apple and Microsoft also recently surpassed $4 trillion in market cap, partly due to strong product and AI investments.