Nvidia is now worth $5 trillion as it consolidates power in AI boom

As Jensen Huang, the CEO of chip-making giant Nvidia, traveled to Asia to meet with President Donald Trump on Wednesday, his company’s value topped $5 trillion. It was a show of wealth that would have been unthinkable a few years ago.

But that was before the ChatGPT chatbot ignited an artificial intelligence boom that is remaking the global economy. It was before other tech titans began spending hundreds of billions of dollars on construction projects on almost every continent. And it was before Nvidia’s computer chips, the most essential and…