$1 Trillion in 3 Months: Nvidia’s Unprecedented Sprint to $5T

In a stunning display of market dominance, Nvidia has added $1 trillion to its valuation in just three months, smashing the $5 trillion barrier for the first time in history. The Silicon Valley company’s shares briefly touched $207.86 on Wednesday, translating to a $5.05 trillion market cap based on its 24.3 billion outstanding shares.
This rapid ascent, far quicker than Apple’s journey to $1T, $2T, and $3T, is being driven by a single, powerful catalyst: the artificial intelligence revolution. Nvidia’s chips are the undisputed backbone for AI development, and the tech industry’s insatiable demand has sent the stock price soaring since early 2023.
The company’s order books reflect this demand. CEO Jensen Huang just announced $500 billion in chip orders, coupled with a string of strategic partnerships. These include a deal with Uber on robotaxis, a $1 billion investment in Nokia for 6G, and a collaboration with the US Department of Energy on seven new AI supercomputers.
This AI craze has also found a powerful supporter in US President Donald Trump. He recently called CEO Jensen Huang an “incredible guy” and has frequently praised the company as a “success story.” Trump, who owns up to $1.3 million in Nvidia shares, has also suggested he might allow sales of less-powerful Blackwell chips to China, a move that could drive the stock even higher.
Despite the euphoria, warnings of an AI bubble are growing louder. Officials at the Bank of England and the IMF have raised alarms about inflated tech stocks. Skeptics point to the industry’s circular deals and growing concerns that businesses are failing to secure revenue from their AI investments, with reports indicating nearly all AI pilot programs fail.