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Just 112 days after becoming the first $US4 trillion company, Nvidia became the first $US5 trillion company.

Its worth is more than 8 per cent of the S&P 500, but that’s just the start of it – the AI boost to the markets is built almost entirely off the back of use cases developed on Nvidia chips. The AI strategies of the biggest tech companies, such as Microsoft, Meta, Amazon.com and others, rest on their ability to hurriedly acquire and deploy Nvidia’s hardware in their data centres. While some rivals are trying to develop their own alternatives, notes analyst group Wedbush, “there is only one chip in the world fuelling this AI Revolution … and it’s Nvidia”.

Nvidia’s chief executive, Jensen Huang, the man they call the Godfather of AI, has spe

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