Nvidia has become the first public company to reach a $5 trillion market cap, driven by surging demand for its GPUs used in AI data centers. The company's stock rose over 5.6% following news of potential discussions about Blackwell chips between U.S. and Chinese leaders. CEO Jensen Huang announced expectations of $500 billion in AI chip sales and plans to build seven new U.S. supercomputers. Recent investments include $1 billion in Nokia for 5G/6G networks and up to $100 billion in OpenAI. The milestone comes just three months after crossing $4 trillion, with stock up over 50% this year.
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