Nvidia was set to open above a $5 trillion market value on Wednesday, becoming the first company to reach the milestone after a powerful rally that has made the chip designer the centerpiece of the artificial intelligence boom.

Despite a wave of key S&P 500 earnings and a Fed rate cut on deck this week, Nvidia is once again drawing the biggest headlines and driving the biggest market swings. The chip giant made a series of announcements Tuesday including: A $1 billion investment in Nokia, the legacy telecom company

Nvidia became the first company to ever achieve a market capitalization of $5 trillion as its stock surged in early trading Wednesday. Monitor these crucial chart levels.

Nvidia is poised for sustained revenue and profit growth as the company continues capturing infrastructure spend. Nvidia stock has risen 1,400% over the last three years, yet the best may be still to come.

After the close on Tuesday, Joby Aviation announced a collaboration with Nvidia to develop autonomous flight capabilities using Nvidia’s IGX Thor platform. Thor, which shares its name with the Norse god, is an Nvidia AI computing platform designed for use in physical products such as planes and robots.

Wall Street's biggest company just hit a big milestone. Shares of Nvidia Corp. were surging nearly 4% on Wednesday morning, making the tech giant the first company to cross the $5 trillion market value threshold,

Nvidia became a hot AI company (and the world's most valuable public company) because of the graphics processing units (GPUs) it produces. However, I'd rather go with TSMC right now because without it, Nvidia's business would noticeably suffer.