Nvidia made history on Wednesday as the first company to reach US$5 trillion in market value, powered by a stunning rally that has cemented its place at the centre of the global artificial intelligence (AI) boom.
The milestone underscores the company’s swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, turning CEO Jensen Huang into a Silicon Valley icon and making its advanced chips a flashpoint in the tech rivalry between the US and…