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 was set to open above a $5 trillion market value on Wednesday, becoming the first company to reach the milestone after a powerful rally that has made the chip designer the centerpiece of the artificial intelligence boom.

Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial intelligence craze that’s widely viewed as the biggest tectonic shift in technology since Apple

Nvidia became the first company to surpass $5 trillion in market value after a fresh rally driven by AI-chip demand.

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,

Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue.

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.

Nvidia is partnering with Spectro Cloud, a startup backed by Goldman Sachs, to simplify AI adoption and management.

Nvidia Corp. has gradually become one of the most important players in the venture capital world, without being a VC firm.

Nvidia is working with several communications companies, including Booz Allen, Cisco, MITRE, ODC and T-Mobile to create what they're calling America's first AI-native wireless stack for 6G, integrating advanced AI across hardware, software and architecture to prepare future networks for the growth of AI traffic.