Nvidia just became the world’s first company to reach a market capitalization of $4 trillion, with one Wall Street bull expecting $5 trillion might not be too far away.

With Nvidia (NASDAQ: NVDA) up by more than 40% from the 52-week low it touched in early April, the stock is now back near its record high. Concerns that a slowdown in spending on artificial intelligence (AI) infrastructure might have been coming now look to have been overblown.

The U.S. chipmaker has had a remarkable march to record highs and has soared around 20% this year, thanks to its leading role powering the artificial intelligence boom.

Dell is a critical enabler of the AI revolution, with a booming AI server business and multi-billion-dollar backlog fueling strong growth. Read more on why DELL is a Buy.

Main: Nvidia, the tech firm led by engineer Jensen Huang, became the world’s first company to have a market cap of $4 trillion. For reference, its rivals, Microsoft and Apple, are valued at around $3.

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

It’s hard to call Nvidia (NVDA) cheap, but its long-term growth potential may justify the premium. Sometimes, paying up is the cost of elite returns, and with Nvidia expanding into the sovereign AI market,

The AI boom has catapulted Nvidia’s share price to astronomic heights, becoming the world’s most valuable company and the first to pass the $4 trillion milestone