Nvidia has become the first company in history to be valued above $5 trillion.

The company rose more than 3.4 percent at market open, thanks to positive comments from the US President and a flurry of announcements at its Washington GTC event.

Ahead of a planned meeting with CEO Jensen Huang, US President Donald Trump said that they would be "speaking about Blackwells," with Nvidia likely pushing for export rights to China.

The White House in July said it would allow Nvidia to export the pared-down H20 GPU to China in return for 15 percent of revenues, but Nvidia said the deal has not yet been formalized. In its August earnings report, it said it has made no sales of the H20 to China.

This week at its GTC event in Washington, DC, the company announced partnerships with Palantir, Oracle, Cisco, T-Mobile, Samsung, Hyundai, Eli Lilly, Uber, and more. It also invested $1bn into Nokia and announced new DOE supercomputers featuring its chips.

Huang said that the company expects to realize $500 billion in GPU sales through the end of 2026, above Wall Street estimates.

Nvidia became the first company to hit $4tn this July.