Mumbai: Nvidia Corp soared past the $5 trillion market capitalisation mark for the first time on Wednesday, as its shares climbed more than 3 per cent at market open, cementing the chipmaker’s position as the biggest beneficiary of the global artificial intelligence (AI) boom.

The latest rally came a day after the stock surged 5 per cent on Tuesday, continuing its upward momentum driven by relentless demand for AI processors and optimism over new business prospects.

Investor sentiment received a further boost following comments from US President Donald Trump, who said he would meet Nvidia CEO Jensen Huang to discuss the company’s Blackwell AI processors ahead of a planned meeting with Chinese President Xi Jinping. The remarks raised expectations of a possible easing of restrictions

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