Nvidia Becomes First $5 Trillion Company as AI Reorders Big Tech

Overview

• Nvidia’s market value topped $5 trillion after shares jumped on fresh AI disclosures, marking the fastest ascent yet for a chipmaker tied to generative AI demand.
• CEO Jensen Huang said Nvidia has about $500 billion in AI‑chip orders and outlined plans to build seven U.S. government supercomputers while touting Blackwell and Rubin processors.
• Nvidia will invest $1 billion in Nokia for roughly a 2.9% stake via 166 million new shares at $6.01, with the partners targeting AI‑driven 5G/6G and data‑center networking; Nokia shares surged in Helsinki.
• Microsoft and OpenAI finalized a recapitalization that values OpenAI near $500 billion, with Microsoft holding about 27% as OpenAI commits roughly $250 billion to Azure and Microsoft drops its prior first‑refusal rights on compute.
• Apple and Microsoft briefly traded near $4 trillion valuations as Microsoft posted stronger‑than‑expected revenue alongside sharply higher data‑center capex, while analysts flagged valuation risks and export‑control uncertainty involving China.