Nvidia shares surged 3.1 % pre-market as the company approached a historic $5 trillion market-cap milestone. The rally is driven by large-scale AI chip orders, including a $500 billion backlog and plans to build seven supercomputers for the U.S. government. The move cements Nvidia’s central role in the accelerating AI infrastructure race and underscores investor conviction in long-term AI monetisation despite short-term macro uncertainties.