Oct 30, Kathmandu - Nvidia has become the world's first public company to reach a market value of $5 trillion. The company's shares rose 5.6 percent on Wednesday, setting a new record.

Investors were excited after news broke that US President Donald Trump had said he would discuss Nvidia's Blackwell chips with Chinese President Xi Jinping.

On Tuesday, Nvidia CEO Jensen Huang said the company expects to sell about $500 billion worth of AI chips. He also said the company is building seven new supercomputers in the United States for use in areas such as defense, energy and science. These supercomputers will use thousands of Nvidia GPUs.

Similarly, Nvidia recently invested $1 billion in Nokia and said it will use some of the company’s products to help telecom service providers develop AI-native 5G Advanced and 6G.

Nvidia’s share price, which crossed the $4 trillion mark just three months ago, has risen more than 50 percent this year alone.