With its shares rising more than 3% at market open on Wednesday, Nvidia Corp. has formally joined the $5 trillion club, helping the chip behemoth reach yet another significant milestone. The astounding increase highlights the business’s ongoing supremacy in the worldwide fight for artificial intelligence (AI).

The rally of the California-based chipmaker demonstrates its remarkable rise to prominence as the leading victor in the AI revolution. These days, Nvidia’s graphics processing units (GPUs) power a growing array of technologies, from next-generation AI models to enormous data centers and driverless cars.