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

Overview

• Nvidia’s market value topped $5 trillion after CEO Jensen Huang said the company has secured more than $500 billion in AI chip orders through 2026 and highlighted new partnerships.
• Nvidia will invest $1 billion for a 2.9% stake in Nokia, linking its accelerators to Nokia’s 5G/6G software and data center technologies.
• Microsoft and OpenAI agreed to reorganize OpenAI as a public benefit corporation at a $500 billion valuation, with Microsoft holding about 27% under the oversight of the OpenAI Foundation.
• The deal includes roughly $250 billion in Azure purchases by OpenAI, removes Microsoft’s right of first refusal on compute, and extends key ties between the firms through at least 2032 with AGI claims subject to independent verification.
• Apple briefly crossed $4 trillion and Microsoft rejoined that mark as Microsoft reported stronger-than-expected results, even as surging data-center capital spending drew fresh scrutiny.