Nvidia Becomes First Company in History to Hit $5 Trillion, Backed by a $500 Billion AI-Chip Backlog

Nvidia has officially become the first company in history to surpass a $5 trillion market-capitalization milestone, after shares surged to record highs on Wednesday. Nvidia’s market value crossed the threshold after the company reported $500 billion in AI-processor bookings and disclosed plans to build seven new supercomputers for the U.S. Department of Energy.

The company’s shares opened above $209, adding roughly $230 billion in market value in one session and bringing its overall value to around $5.05 trillion. Nvidia’s meteoric rise — more than 1,000% since late 2022 — reflects how deeply markets expect the global AI infrastructure build-out to scale.

Hitting $5 trillion is more than a numeric landmark—it redefines the upper bound of what “big tech” means in an AI-driven world. As Nvidia captures the compute backbone of the AI wave — from GPUs to supercomputers — its valuation invites a re-thinking of competitor benchmarks and sector positioning. With $500 billion in bookings and government-scale projects in motion, this isn’t just hype—it’s pre-funded demand.

Nvidia’s lodestar status in the AI race now anchors how investors and executives alike evaluate activity across chips, networking, and platforms. The company’s gain helped lift the major U.S. indices to new highs, and places it ahead of prior tech giants in terms of sheer market cap. It also widens the gap between Nvidia and peers such as Apple or Microsoft.

When the capital market assigns $5 trillion of value to one company, it reflects a tacit vote of confidence in an entire infrastructure build-cycle. For startups, incumbents, and capital allocators: the bar for “AI-ready” just moved higher — and Nvidia’s milestone shows the market believes the next leg of the AI expansion is very much underway.