Nvidia nears $5 trillion valuation as AI demand soars

The chipmaker is on track to hit a record $5 trillion market value after unveiling massive AI chip bookings and new U.S. government projects. The announcement underscores Nvidia’s dominance in the booming artificial intelligence sector and investors’ growing confidence in its long-term growth.

Nvidia shares surged 3% in premarket trading on Wednesday, putting the company within reach of a $5 trillion market capitalization. CEO Jensen Huang revealed $500 billion in AI chip orders and plans to build seven supercomputers for the U.S. government, further solidifying the firm’s leadership in advanced computing.

The new contracts highlight Nvidia’s central role in the global AI infrastructure race, as its chips power systems in cloud computing, defense, and scientific research.

If the milestone is reached, Nvidia would become the world’s most valuable publicly traded company, overtaking Apple and Microsoft. Analysts say investor enthusiasm remains strong thanks to sustained demand for high-performance GPUs and the company’s expanding government partnerships.

The planned supercomputers are expected to strengthen U.S. capabilities in national security and innovation, cementing Nvidia’s position as a key player in global technology development.