Danni Hewson, head of financial analysis at AJ Bell, said: “Nvidia has become the first company in stock market history to reach a $5 trillion valuation, a sum so vast the human brain can’t properly get a handle on it.
“It’s only a few months since Nvidia smashed through the $4 trillion mark, which goes to show how much markets have shrugged off tariff tantrums and re-embraced the AI trade.
“Zooming out a bit, it’s only seven years since Apple became the first trillion-dollar company, and in the US stock market that group has swelled to nine in seven years – all technology stocks except for Berkshire Hathaway.
“Of course, this is going to do nothing to dispel fears over an AI bubble, but the market seems keen to march on regardless.
“With Microsoft, Meta and Alphabet reporting after the bell today, and Apple and Amazon coming tomorrow, we’ll soon get an idea about whether the tech rally can be justified by earnings growth, for the moment at least.”
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