NVIDIA's stock jumped 5% on Tuesday, closing at a record high and pushing the company's valuation to $4.89 trillion, just shy of the $5 trillion milestone. The surge followed a wave of new announcements at its GTC event in Washington, D.C., covering AI, supercomputing, and major industry partnerships. NVIDIA's shares have risen more than 50% year-to-date, more than doubling since April, fueled by demand for GPUs powering cloud data centers from Amazon, Google, and Microsoft. The company has also invested up to $100 billion in OpenAI , one of its largest customers. In his keynote, CEO Jensen Huang said that it is expecting $500 billion in GPU sales by the end of 2026, a realistic target if we consider that NVIDIA generated over $100 billion in revenue in just the first two quarters of this year.

During the GTC event NVIDIA revealed plans with the U.S. Department of Energy to build seven new supercomputers including one powered by 10,000 Blackwell GPUs. NVIDIA also introduced NVQLink , a new open systems architecture designed to accelerate the development of quantum supercomputers. Moreover, NVIDIA yesterday showcased its highly anticipated "Vera Rubin" Superchip , a single package combining two Rubin GPUs with a Vera CPU featuring 88 cores and 176 threads. While competition from AMD, Qualcomm, and in-house chips developed by hyperscalers continues to grow, NVIDIA remains positioned at the center of the AI infrastructure boom edging closer to the $5 trillion milestone valuation that seems set to become reality in a matter of days.

Update 15:42 UTC : NVIDIA just crossed $5 trillion milestone, reaching $5.14 trillion valuation. A quick reminder, the company was valued at $10 billion ten years ago. It then hit the $1T milestone in May 2023, $2T in March 2024, $3T in June 2024, and $4T this July.