Shares of Nvidia rose more than 4% Wednesday, making the tech giant the first company to cross the $5 trillion market value threshold. The extraordinary milestone reflects a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom. Nvidia’s stock, which closed up 5% Tuesday, has climbed more than 50% year-to-date. The latest move higher comes shortly after CEO Jensen Huang said Nvidia expects $500 billion in AI chip orders and announced plans to build seven new supercomputers for the U.S. government. Separately, Nvidia announced on Tuesday that it is taking a $1 billion stake in Nokia, forming a strategic partnership with the networking company to develop next-generation 6G cellular technology.

Full report : Nvidia hits record $5 trillion mark as CEO dismisses AI bubble concerns.