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Nvidia on Wednesday became the first company to surpass the $5 trillion market cap milestone, meaning it looms even larger over other stocks and markets.

The stock jumped as much as 5.5% in the session, propelling the chipmaker above that closely watched level. The chipmaker has become a favorite of both Main Street and Wall Street after years of monster gains tied to its leadership within artificial intelligence.

Nvidia's market cap dwarfs that of other well-known companies, as well as entire sectors and even full international markets. By comparison, the S&P 500 's average member has a market cap of about $124.8 billion as of Wednesday.

Looking at individual stocks, a $5 trillion ma

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