Nvidia is approaching a market capitalization of $5 trillion on Tuesday, propelled by a surge in demand for its artificial intelligence processors and new contracts with the U.S. Department of Energy, where the company will construct seven additional supercomputers. Following the announcement, Nvidia shares soared almost 5%, driving its market value up by more than $230 billion and briefly touching $4.94 trillion before closing at $4.89 trillion.
Meanwhile, Apple became only the third company in history to surpass a $4 trillion valuation, joining Microsoft and Nvidia in achieving this milestone. However, Apple ended the session just below the threshold with a market value of $3.99 trillion after an early-trading surge.
Nvidia and Microsoft first exceeded $4 trillion in market value in July. Since then, Nvidia’s valuation has continued to climb.
During a keynote address at a developer conference in Washington, D.C., Nvidia CEO Jensen Huang opened his remarks with praise for U.S. President Donald Trump’s policies before unveiling new products and partnership announcements. The company has positioned itself at the forefront of the global AI boom, forging new alliances as it contends with ongoing U.S.-China trade tensions that could shape which nation’s technology holds sway worldwide.
During Nvidia’s GTC conference on Tuesday, CEO Jensen Huang announced that the company’s Blackwell graphics processing units—the fastest in its AI portfolio—are now in mass production in Arizona, signaling a manufacturing shift from Nvidia’s previous operations in Taiwan. Huang noted that the change followed encouragement from U.S. President Donald Trump around nine months ago to bring production back to domestic soil.
Separately, Huang said Tuesday that he expects to unveil new collaborations with South Korean companies during his upcoming visit to South Korea, which will be well received by both President Trump and the South Korean government. Nvidia disclosed earlier that Huang will attend the Asia-Pacific Economic Cooperation CEO Summit in South Korea, where he is scheduled to meet global political leaders and senior executives from top Korean firms.
