Nvidia Becomes First $5 Trillion Company as AI Boom Reprices Big Tech

Overview

• Nvidia’s market value topped $5 trillion after shares rose about 4%–5%, buoyed by roughly $500 billion in AI‑chip orders and plans to build seven supercomputers for the U.S. government.
• The company also agreed to buy a 2.9% Nokia stake for $1 billion to expand collaboration on AI‑centric networking and data‑center optics.
• Apple briefly reached a $4 trillion valuation for the first time, helped by iPhone 17 sales that were 14% higher than iPhone 16 in the first 10 days in the U.S. and China.
• Microsoft returned above $4 trillion after a reworked OpenAI agreement that leaves it with about $135 billion (27%) of OpenAI Group PBC under control of the OpenAI Foundation, while reporting $77.7 billion in revenue and $27.7 billion in net income.
• Earnings from Microsoft, Alphabet and Meta beat expectations, yet heavy AI spending stood out, with Microsoft’s capital investments reaching $34.9 billion quarter‑over‑quarter and Alphabet guiding 2025 capex to $91–$93 billion, while Meta’s $15.93 billion tax charge slashed net income by 83% as it signaled higher infrastructure outlays.