$5 Trillion and Counting: Is Nvidia’s Rise Unstoppable?

Nvidia’s seemingly unstoppable rise hit a new peak on Wednesday as it became the world’s first $5 trillion company. With a market cap of $5.05 trillion, the chipmaker is at the heart of an AI-driven stock market boom that is breaking records across the board.
The company’s momentum is staggering. It added $1 trillion in value in just three months, fueled by what is being called a “ravenous” demand for its AI chips. This demand is reflected in a $500 billion order book.
Nvidia is also forging new paths to growth. It just announced a deal with Uber for robotaxis and a $1 billion investment in Nokia to co-develop 6G. Its $100 billion partnership with OpenAI will massively scale the computing power available to the AI leader.
The company even has the backing of the White House, with President Donald Trump praising CEO Jensen Huang and pushing for a deal to sell chips to China.
But is it unstoppable? The Bank of England and the IMF don’t think so. Both have warned of a dangerous AI bubble, suggesting stock prices are inflated. Skeptics point to the high failure rate of corporate AI pilot programs and the “circular” nature of the Nvidia-OpenAI deal as proof that the hype is outrunning the reality.