The company's stock continues to rally on the Nasdaq stock exchange. Credit: Nvidia The value of Nvidia’s stock has increased significantly in recent years, largely due to the high demand for its AI chips. According to Reuters, another milestone was passed during Wednesday’s trading on the Nasdaq stock exchange, as Nvidia became the first company to be valued at $5 trillion. The previous milestone, $4 trillion, was passed as recently as July. Nvidia’s surge means that the company now has a substantial lead over Microsoft ($4,025 billion), Apple ($4,002 billion), Alphabet ($3,324 billion), Amazon ($2,456 billion) and Meta ($1,888 billion). More Nvidia news: Cisco, Nvidia strengthen AI ties with new data center switch, reference architectures Nvidia looks to power AI factory networks Nvidia, Infineon partner for AI data center power overhaul NvidiaCPUs and ProcessorsArtificial Intelligence SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe