Nvidia has become the world’s first $5 trillion company. Shares soared by up to 5 percent to over $211 around 9:30AM ET on Wednesday morning, according to Bloomberg, marking the latest milestone for a company that only just hit the $4 trillion mark in July.

Nvidia shares have been on the rise as the company continues to make waves in AI. Apple currently sits behind Nvidia with a $4 trillion market cap, followed by Microsoft, Google’s parent company Alphabet, Amazon, and Meta.

Nvidia crossed the $5 trillion barrier after announcing a deal to purchase $1 billion in Nokia shares, along with a partnership that will help it develop “AI native” 5G-Advanced and 6G cellular networks.

Shares continued to rise after President Donald Trump said on Tuesday that he plans to talk with Chinese Preside

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