The surge comes barely three months after it hit the $4 trillion mark,
Nvidia has become the first company to reach $5 trillion in market value amid a global artificial intelligence arms race.
The chipmaker surge on Wednesday came only three months after the company topped the $4 trillion mark.
The milestone underscores the company’s swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, turning CEO Jensen Huang into a Silicon Valley icon and making its advanced chips a flashpoint in the tech rivalry between the US and China.
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