
Nvidia’s climb to a $5 trillion market cap underscores its accelerating role in AI-led market growth as Wall Street indexes hit record highs.
Nvidia reached a $5 trillion valuation on Wednesday, becoming the first company to hit this milestone, helping push U.S. stocks higher after record closes on Tuesday. The surge follows a 17% gain over the past five days, bolstered by AI-related deals with Palantir and Samsung, a $1 billion investment in Nokia, and talks with the U.S. Department of Energy. Nvidia now accounts for 8.3% of the S&P 500’s weighting and roughly 20% of its year-to-date gains. The S&P 500 is up 17% in 2025, the Nasdaq 24%, and Bitcoin 16%, while gold has risen 50%.