Nvidia Hits Record $5.5 Trillion Value—First Company To Ever Reach Mark

Nvidia's market capitalization surpassed $5.5 trillion, setting a new record for publicly traded companies. This surge followed news that CEO Jensen Huang would accompany President Trump on his trip to China, where Trump is set to meet with President Xi Jinping. Nvidia's stock climbed approximately 3%, solidifying its position as the world's most valuable company, ahead of rivals like Google and Apple. The company's shares have seen a significant increase of nearly 20% in the past month. Huang's net worth also rose by $5.4 billion on Wednesday, reaching $196.1 billion, making him the seventh wealthiest person globally. Nvidia is scheduled to report its first-quarter earnings for fiscal year 2026 next week, projecting $78 billion in revenue. This follows a strong fourth quarter with $68 billion in sales, a 73% year-over-year increase, primarily driven by data center revenue, which constituted over 91% of sales. Recent partnerships, including one with Meta for AI chips and hardware, are expected to contribute billions to Nvidia's revenue.