Chipmaker Nvidia becomes first five trillion dollar company

People take a look at Nvidia’s new products during the Computex 2025 exhibition in Taipei, Taiwan (Chiang Ying-ying/AP)

Nvidia has become the first five trillion dollar (£3.8 trillion) company, just three months after the Silicon Valley chipmaker was the first to break through the four trillion dollar (£3 trillion) barrier.

Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial intelligence (AI) craze that is widely viewed as the biggest tectonic shift in technology since Apple co-founder Steve Jobs unveiled the first iPhone 18 years ago.