Nvidia (NVDA) made history during early market action on Wednesday as it became the first company in the world to crack $5T in market capitalization.
Shares had climbed 5.5% less than one hour into market trading, propelling the company to a $5.05T market capitilization.
The rally comes following Nvidia’s GTC DC event, where CEO Jensen Huang said the company has “visibility into half a trillion in sales for Grace Blackwell and Vera Rubin through 2026.”
The stock has rallied nearly 50% year-to-date, adding about $1.6 trillion in market value. That follows a 170% surge in 2024 and a 240% gain in 2023, cementing Nvidia’s status as the dominant force in the AI hardware market.
Market caps of other megacap tech peers stand at: Palantir Technologies (PLTR) $449.61B; Oracle (ORCL) $800.59B; Broadcom (AVGO) $1.76T; Apple (AAPL) $3.99T; Advanced Micro Devices (AMD) $418.71B and Microsoft (MSFT) at $4.03T.