Nvidia, which makes chips powering the AI revolution, saw its stock price surge to become the first-ever company topping $5 trillion in market capitalization.

B EFORE CO-FOUNDING Nvidia, the pioneer of artificial-intelligence (AI) chips, Jensen Huang was a busboy at Denny’s, a restaurant chain. He playfully reminded people of this on

The chipmaker on Wednesday became the first publicly listed company to top $5 trillion in market value, boosted by demand for its AI chips.

Nvidia has hit a new milestone, becoming the first company in the world to reach a market value of $5tn (£3.8tn). The US chip-maker has rapidly climbed from a niche graphics-chip manufacturer to an AI titan, as euphoria about the potential of artificial intelligence keeps driving demand for its chips and propelling its stock to record highs.

Nvidia just became the first company ever worth $5 trillion, meaning those who own even just a fraction of a percent of the high-flying stock are now super rich. The latest to join the billionaire club: 77-year-old venture capitalist and longtime Nvidia board member Brooke Seawell,

The artificial intelligence giant Nvidia on Wednesday notched yet another historic milestone, becoming the first company to be worth $5 trillion. The value of Nvidia alone is now worth more than the GDP of every country on earth, except for the United States and China, according to World Bank data.

Nvidia is on track to become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier

The company’s shares have been boosted by the AI boom and a flurry of new deals.

Nvidia, a leading company in accelerated computing, has selected Joby as its only aviation launch partner for its new platform, Nvidia IGX Thor, in a move Joby believes will advance its own

Nvidia has become the world’s first $5 trillion company. Shares soared by up to 5 percent to over $211 around 9:30AM ET on Wednesday morning, according to Bloomberg, marking the latest milestone for a company that only just hit the $4 trillion mark in July.

In the past year, Nvidia stock has advanced 45%, bringing its market value to $5 trillion. More impressive, Palantir Technologies stock has advanced 335%, bringing its market value to $465 billion. That means the companies, in aggregate, are worth about $5.4 trillion.