NVIDIA Corp. has cemented its position at the center of the global technology economy, surpassing Microsoft and Apple to become the world’s most valuable publicly traded company with a market capitalization of about $4.43 trillion, according to CompaniesMarketCap.
The milestone marks a dramatic shift in global markets. Microsoft, valued at roughly $3.77 trillion, and Apple, at $3.42 trillion, now trail the chipmaker by a combined gap of nearly $1 trillion, a scale that underlines NVIDIA’s dominance in the era of artificial intelligence.
Just two years ago, NVIDIA’s market value stood at $1.23 trillion. It has since more than quadrupled, crossing the $3 trillion threshold by mid-2024 and becoming the first U.S. company to surpass $4 trillion in July 2025. Its ascent has been powered by overwhelming demand for its graphics processing units (GPUs), which underpin generative AI platforms, hyperscale data centers, autonomous systems and advanced cloud infrastructure. Analysts increasingly describe the company as the “backbone of the AI economy.”
Financially, NVIDIA’s momentum is equally striking. Earnings per share over the trailing twelve months reached $3.14, up sharply from $0.76 in 2023. The company holds $52.7 billion in cash and equivalents as of April 2025, supported by 24.44 billion shares outstanding. Such fundamentals have helped sustain investor confidence even as valuations soar.
The company’s rise raises broader questions for global markets. While some investors warn that NVIDIA’s valuation could prove unsustainable, others argue it reflects structural shifts as artificial intelligence reshapes industries from finance and healthcare to transportation and media. With most of the world’s AI workloads running on NVIDIA hardware, its dominance gives it a rare position of pricing power and strategic influence.
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The implications stretch beyond Wall Street. NVIDIA’s chips are now a cornerstone of national industrial policy, with governments and corporations racing to secure access amid geopolitical competition over AI leadership. For many, the company’s future trajectory will be a barometer for the pace, and concentration, of value creation in the global digital economy.
