Nvidia just hit $5 trillion market cap. CEO Jensen Huang is doing quite well himself, too.

Nvidia has hit a new milestone, becoming the first company in the world to reach a market value of $5tn (£3.8tn). The US chip giant has rapidly climbed from a niche graphics-chip designer to an AI titan, as euphoria about the potential of artificial intelligence keeps driving demand for its chips and propelling its stock to record highs.

Nvidia CEO Jensen Huang urges the US to stay engaged with China in the global AI race, warning that isolation could hurt innovation and long-term leadership.

B EFORE CO-FOUNDING Nvidia, the pioneer of artificial-intelligence (AI) chips, Jensen Huang was a busboy at Denny’s, a restaurant chain. He playfully reminded people of this on

Despite a wave of key S&P 500 earnings and a Fed rate cut on deck this week, Nvidia is once again drawing the biggest headlines and driving the biggest market swings. The chip giant made a series of announcements Tuesday including: A $1 billion investment in Nokia, the legacy telecom company

Samsung Electronics will deploy more than 50,000 Nvidia graphics processing units, embedding artificial intelligence throughout the semiconductor manufacturing flow.

Trump has many reasons to be interested in Nvidia. The company’s AI chips are critical in America’s AI arms race with China, and Huang made a $500 billion investment pledge for Trump’s domestic manufacturing drive this year, larger than any company except Apple.