Nvidia becomes world’s most valuable company, overtakes Apple with Rs 3.92 trillion market cap
New York: Nvidia has achieved a historic milestone, becoming the most valuable publicly traded company in the world with a market capitalisation of $3.92 trillion as of July 3. The chip giant has overtaken Apple’s record $3.915 trillion valuation, set in December 2024, signalling a major shift in global tech leadership.
The company’s meteoric rise has been driven by surging demand for its AI-specialised GPUs, which have become indispensable across industries developing large-scale artificial intelligence models like GPT, Gemini, and Grok.
AI boom fuels Nvidia's rise
Once known primarily for gaming graphics cards, Nvidia’s processors now power the most advanced AI data centres globally. While Microsoft, Google, Amazon, and Meta invest billions in AI development, Nvidia’s dominance in core hardware infrastructure has made it the industry’s most profitable enabler.
Since 2021, Nvidia’s valuation has grown eightfold, leaping from $500 billion to $3.92 trillion. The company’s stock has risen 68% since April 2025, rebounding from early-year tariff tensions under Donald Trump’s trade policy.
Nvidia now bigger than Big Tech
As of July 2025, Nvidia leads the global tech market:
- Nvidia: $3.92 trillion
- Microsoft: $3.7 trillion
- Apple: $3.19 trillion
- Alphabet (Google): ~$2.3 trillion
- Amazon: ~$2.2 trillion
Nvidia’s value now surpasses the entire UK stock market and the combined value of all publicly traded companies in Canada and Mexico, according to LSEG data.
Jensen Huang’s billionaire ascent
Nvidia CEO Jensen Huang has become one of the wealthiest people in the world. His net worth soared to $139 billion in 2025, gaining $25 billion this year alone, according to the Bloomberg Billionaires Index. Huang has become the face of Nvidia’s dominance in the AI chip space.
What it means for the future
Nvidia’s rise reflects a fundamental shift in the tech ecosystem, where the battle for AI supremacy increasingly depends on hardware innovation. As Big Tech builds AI models, Nvidia continues to supply the core processing power, giving it a quasi-monopoly on the AI training backbone.
With Wall Street betting heavily on Nvidia's continued dominance, the company is not just leading the market — it is redefining what corporate power looks like in the age of artificial intelligence.