Nvidia nears $5 trillion valuation as AI demand surges

Nvidia’s market value hit approximately $4.89 trillion after shares jumped nearly 5%, gaining over $230 billion in value, as the AI-chip leader reported $500 billion in bookings and announced seven new supercomputers for the U.S. Department of Energy. The company briefly touched $4.94 trillion. Analysts say the scale of demand underscores Nvidia's dominance in the AI infrastructure boom, but valuation risks are rising given rising competition and its leadership role in a potentially narrowing market edge.