Nvidia on Wednesday became the first company in history to reach a $5 trillion market valuation, marking meteoric growth driven by the global artificial intelligence (AI) boom.

Shares of the leading AI chipmaker rose 3% to close at $207.04 on Wednesday, giving the company a market value of $5.03 trillion. The milestone highlights Nvidia's rise from a video game graphics company into a force behind the AI revolution.

"Nvidia is at the epicenter," CEO Jensen Huang said earlier this month on Fox News' "The Sunday Briefing." "We're the engine of the largest industrial revolution in human history. The last ones were steam engine, electricity, information technology, and now we’re creating artificial intelligence."

The California-based company's stock has surged twelve-fold since the launch

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