Nvidia made history on Wednesday, powered by a stunning rally that has cemented its place at the center of the global artificial intelligence boom.

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

Nvidia just hit an incredible valuation milestone, and things could be falling into place for its run to continue.

In other words, the Santa Clara, California-based company finds itself larger than all but five of the world’s stock markets: the US, China, Japan, Hong Kong and India, which it’s about $250 billion away from overtaking.

The topic of the "best" artificial intelligence (AI) stock to buy right now is a spirited debate. One may advocate for companies building AI software, while another may be a proponent of rising stars like AMD (NASDAQ: AMD) and Broadcom (NASDAQ: AVGO) after their OpenAI partnership announcement.

The company’s shares have been boosted by the AI boom and a flurry of new deals.