Nvidia was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the U.S. Department of Energy.

Nvidia’s stock closed almost 5% higher, adding over $230 billion in market value, bringing its total value to $4.89 trillion after briefly touching $4.94 trillion.

Jensen Huang touts new deals amid U.S.-China tech tensions

CEO Jensen Huang kicked off a keynote address at a developer conference in the U.S. capital on Tuesday by praising policy by U.S. President Donald Trump while announcing new products and deals.

Nvidia is at the core of the global rollout of AI, and is striking deals while navigating a U.S.-Chin

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