Wall Street’s main indices surged to new record highs on Wednesday, driven by gains in technology stocks and historic momentum from Nvidia, which became the first company in history to surpass a $5 trillion market valuation.
The milestone came as investors await the US Federal Reserve’s interest rate decision, with markets widely expecting a quarter-point cut to 4% later today — the first reduction in over a year.
Nvidia’s shares jumped 4.8% shortly after the opening bell, pushing its valuation beyond the $5 trillion mark. The rally was fuelled by continued enthusiasm around artificial intelligence and supportive comments from Donald Trump, reinforcing Nvidia’s dominant position at the centre of the AI boom.
The achievement follows Microsoft’s return to the $4 trillion club and Apple briefly crossing that threshold earlier this week, underscoring the strength of the global tech sector.
It has been just four months since Nvidia reached the $4 trillion mark, with growth accelerated by CEO Jensen Huang’s series of major supply deals — including new agreements with Nokia, Samsung Electronics, and Hyundai Motor Group.
The record-setting session cements Nvidia’s status as the defining company of the AI era and highlights the powerful influence of big tech on global equity markets.
