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Nvidia Corp. achieved a historic $5 trillion market capitalization on Wednesday as Chief Executive Officer Jensen Huang’s spree of deals catapults the artificial intelligence frenzy to new heights.
The shares closed 3.1% higher at $207.16, propelling Nvidia just over the milestone. It’s only been four months since the company cracked the $4 trillion barrier, and the rally has accelerated as Huang forges new agreements to supply companies with chips.
Nvidia has become the most-important stock in a bull market that’s been driven by optimism for AI to revolutionize the global economy.
With a 54% gain this year through Wednesday’s close, the stock is single handedly responsible for nearly a fifth of the S&P 500 Index’s 17% advance in 2025.
The next two biggest companies are Microsoft Corp. and Apple Inc, with valuations of about $4 trillion each.
The rally means the stock’s weighting in the S&P 500 Index has reached nearly 9%, about two percentage points more than the next closest company.
Its swelling valuation also makes the stock worth more than the combined value of stock markets in the Netherlands, Spain, UAE, Italy and Poland, according to Bloomberg data.
In other words, the Santa Clara, California-based company finds itself larger than all but five of the world’s stock markets: the US, China, Japan, Hong Kong and India, which it’s about $250 billion away from overtaking.
Huang’s net worth has also ballooned as a result, rising to more than $180 billion, according to the Bloomberg Billionaires Index. That’s up nearly $68 billion from the beginning of the year and $16 billion since Monday’s close.
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