Qualcomm announced the AI200 and AI250 and has plans to release AI chips annually.

Nvidia’s $5 trillion market cap is also bigger than the combined market values of all of its competitors — AMD, Intel, Broadcom, TSMC, Micron, ASML, Lam Research, Qualcomm and Arm Holdings.

Stocks rose, with the Dow industrials briefly climbing above 48000, ahead of a likely to cut to interest rates.

The supercomputers Nvidia is building for the Energy Department will in part help the U.S. maintain and develop its nuclear weapons arsenal.