Nvidia nears historic $5 trillion valuation in fresh AI-fueled rally
Nvidia on Wednesday was within striking distance of becoming the first company to cross the $5 trillion market value mark, after a stunning rally that has made the chip designer the crown jewel of the artificial intelligence boom.
Shares of the Santa Clara, California-based company jumped 2.8% in premarket trade after CEO Jensen Huang unveiled $500 billion in AI chip bookings and disclosed plans to build seven supercomputers for the U.S. government.
