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Nvidia becomes the world's first $5 trillion tech company, cementing its dominance in the AI chip market while raising concerns for rivals like AMD, Intel, and Google. Analysts weigh in on what this means for the future of artificial intelligence and global tech competition.

The $5 trillion valuation surpasses the total cryptocurrency market value and equals roughly half the size of the pan European Stoxx 600 equities index, Reuters notes. At current prices, Huang’s stake in Nvidia would be worth about $179.2 billion, making him the world’s eighth-richest person.

(Reuters) -Nvidia shares jumped 3% in premarket trading on Wednesday, putting the chipmaker on track to hit $5 trillion in market valuation as CEO Jensen Huang unveiled $500 billion in AI chip bookings and plans to build seven supercomputers for the U.S. government.

Nvidia is closing in on a record $5 trillion market value after a spree of announcements Tuesday lifted its shares another 5%.

Shares of the chip maker rose on excitement about CEO Jensen Huang’s keynote address at the company’s GTC event.

Nvidia (NVDA) stock rose to a record high Thursday, up around 1.8%, after Bloomberg reported that the US government has approved for export several billion dollars' worth of the tech giant's chips to the United Arab Emirates. The Commerce Department issued ...