Nvidia is first company worth $5 trillion

AI giant Nvidia notched yet another historic milestone, becoming the first company ever worth $5 trillion.

The artificial intelligence giant Nvidia on Wednesday notched yet another historic milestone, becoming the first company to be worth $5 trillion.

The value of Nvidia alone is now worth more than the GDP of every country on earth, except for the United States and China, according to World Bank data.

Three months ago, the company was worth $4 trillion and a little over two years ago, it was worth $1 trillion.

On Wednesday, the company's stock closed more than 3% higher, leaving its market value at $5.03 trillion.

More than any of its competitors, Nvidia and its record run have become emblematic of an AI investment frenzy that has pushed U.S. stock markets to new highs throughout the year, while making billionaires out of the industry's top shareholders.