Nvidia bigger than entire stock markets

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CHART 1 • Nvidia Becomes First $4 Trillion Company

Nvidia just made history by hitting $4 trillion in market value. That makes it worth more than the entire GDP of the UK ($3.84 trillion), France ($3.21 trillion), and most other major economies.

The AI chip maker went from $500 billion to nearly $4 trillion in just three years. That's an eightfold increase driven purely by the generative AI boom. Every tech giant needs Nvidia's chips to run their AI models, and Nvidia basically has a monopoly on the good stuff.

Jensen Huang, Nvidia's CEO, saw his personal wealth jump $25 billion this year alone. He's now worth $140 billion and cracking the top 10 richest people list.

The really wild part is analysts think this is just the beginning. Loop Capital estimates Nvidia could hit $6 trillion by 2028. But here's the catch. Nvidia depends heavily on selling to China, which Trump's administration just cut off with export controls. The company estimates it will lose $8 billion in sales from China restrictions. That's a lot even for a $4 trillion company.

The AI revolution is printing money for chip makers while everyone else scrambles to keep up. Nvidia sits at the centre of it all, collecting tolls from every company trying to build the future.

Source: Aneesh Anand

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