Nvidia is set to become the world’s first $5tn company after the US chip giant’s stock was propelled by strong sales of its artificial intelligence systems and the prospect of expanded access to the Chinese market.

The tech giant owes much of its $4.89 trillion market capitalization to the use of its systems to train AI models. Now it’s pushing deeper into the realm of corporations that will employ such models to solve real-life problems.

Nvidia is partnering with Spectro Cloud, a startup backed by Goldman Sachs, to simplify AI adoption and management.

Here are some of the stocks making notable moves in Wednesday's premarket action: Nvidia shares are up nearly 3%, putting the chipmaker's market valuation above the $5 trillion mark, after chief execu

Nvidia was set to make history on Wednesday by becoming the first company to notch $5 trillion market value, extending a powerful rally that has that has cemented its place at the center of the artificial intelligence boom.

Nvidia is working with several communications companies, including Booz Allen, Cisco, MITRE, ODC and T-Mobile to create what they're calling America's first AI-native wireless stack for 6G, integrating advanced AI across hardware, software and architecture to prepare future networks for the growth of AI traffic.

Nvidia CEO Jensen Huang delivered his first keynote at the Washington, D.C., iteration of the GTC developer conference, highlighting the deepening relationship between the world’s leading chip maker and the U.

Shares of Nvidia ( NVDA +4.98%) jumped 5% on Tuesday to an all-time closing high of $201.03. This increase brings shares of the artificial intelligence (AI) tech leader to a year-to-date gain of 49.7%. For context, the S&P 500 index has returned 18.4% over this period.