Nvidia's $5tn market cap puts it well clear of the GDP of Germany.

AI and chips behemoth Nvidia has smashed another record valuation, with its $5tn market cap that puts it well clear of the GDP of Germany – the fourth biggest economy in the world.

Shares in Nvidia jumped up 3.5 per cent in premarket trading, amid a surge in investor enthusiasm for AI.

Nvidia’s surge followed the announcement from chief executive Jensen Huang that the firm will build seven supercomputers for the US Department of Energy, alongside a $500bn chips order.

President Trump has said he will discuss the prospect of Nvidia exports with President Xi of China, indicating a softening stance on the sale of Nvidia’s flagship Blackwell chips in China.

Export controls of these flagship chips has been a key point of

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