Santa clara: Nvidia was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker announced it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the US Department of Energy.
According to Emirates News Agency, Nvidia's stock closed almost 5 percent higher, adding over $230 billion in market value, bringing its total value to $4.89 trillion after briefly touching $4.94 trillion. The company's stock has surged 50 percent in 2025, with its market capitalisation closing above $4 trillion for the first time in July.
Microsoft, the world's second most valuable company, also saw growth as its stock rose 2 percent, lifting its market capitalisation to $4.03 trillion.