The Nvidia logo is displayed on a building at Nvidia headquarters on August 27, 2025 in Santa Clara, California. Chip maker Nvidia will report second-quarter earnings today after the closing bell.
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Shares of Nvidia rose more than 3% in premarket trade on Wednesday, putting the tech giant on track to become the first company to cross the $5 trillion market value threshold.
The extraordinary milestone would reflect a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.
Shares of Nvidia were last seen up 3.2% in premarket trade. The stock price has climbed nearly 50% year-to-date.
The latest move higher comes shortly after CEO Jensen Huang said Nvidia expects $500 billion in artificial intelligence chip orders and announced plans to build seven new supercomputers for the U.S. government.
Separately, Nvidia announced on Tuesday that it is taking a $1 billion stake in Nokia, forming a strategic partnership with the networking company to develop next-generation 6G cellular technology.
A dizzying rally for U.S. tech stocks has prompted some to raise the alarm on fears of an AI bubble, particularly as AI-driven spending has led to record deals and valuations.
Earlier in the month, the International Monetary Fund and Bank of England became the latest financial institutions to warn that global stock markets could be in trouble if investor appetite for AI turns sour.
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