AI-fueled spending surge drives tech giants to new trillion-dollar milestones, with Nvidia reaching $5 trillion market cap, Microsoft and Apple following close behind.

Nvidia has surpassed a $5 trillion market capitalization, while Microsoft and Apple have reached $4 trillion. The surge in AI investment is driving massive spending on data centers and computing infrastructure, with Alphabet, Meta Platforms, and Microsoft collectively spending $78 billion on capital expenditures last quarter. The investments aim to support AI workloads and enhance capabilities within core social media platforms.