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NVDA

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Shares of Nvidia rose more than 4% on 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 developer of video game processors to an integral player in the artificial intelligence boom.

Nvidia's stock, which closed up 5% on 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 artificial intelligence chip orders and announced plans to build seven new supercomputers for the U.S. government.

Separately, Nvidia announced Tuesday that it is taking a $1 billion sta

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