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Shares of Nvidia

rose more than 3% in premarket trade on Wednesday, putting the tech giant on track to become the first company to cross the $5 trillion market value threshold.

The extraordinary milestone would reflect a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.

Shares of Nvidia were last seen up 3.2% in premarket trade. The stock price has climbed nearly 50% year-to-date.