Nvidia on Wednesday became the first publicly listed company to be valued at $5 trillion, driven by investor confidence in the growth of artificial intelligence.

Nvidia's shares rose $9.08, or 4.5%, to $210.11 in early morning trading, lifting its market capitalization to $5.1 trillion. The company crossed the new threshold less than four months after it had reached a market value of $4 trillion in July.

The Santa Clara, California-based company has been buoyed by growing demand for its graphics processing units, or GPUs, which are used in AI applications as well as video gaming. Its shares have surged 51% this year amid plans to roll out new products such as an updated quantum computing platform, as well as partnerships with businesses including AI leaders such as OpenAI and Palantir.

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