Nvidia world's first firm to reach $4-trn mcap
Underscoring the changing of the guard, AI bellwether Nvidia is now worth $900 billion more than Apple, which rode the iPhone's success to become the first publicly traded company to valued at $1 trillion, $2 trillion and eventually, $3 trillion. Meanwhile, Indian capital market's valuation was over $5 trillion. The market capitalization (mcap) of BSE-listed companies was $5.38 trn on Thursday (July10, 2025).
Nvidia's rise as come as Apple has struggled to deliver on its ambitions to infuse the iPhone and other products with more AI with an array of new features that included a more than year-old promise to smarten up its often bumbling virtual assistant Apple acknowledged last month that delivering on its AI vision is going to take until at least next year, leading some industry analysts to wonder if the company will have to acquire an AI start-up to regain momentum.
In the meantime, former Apple design guru JonyIve has joined forces with OpenAI to work on a wearable AI device that could challenge the iPhone while Nvidia has been scrambling to meet the feverish demand for its specialized chips that power the energy-intensive data centres underlying artificial intelligence.
And tech giants Microsoft, Amazon, Google parent Alphabet and Facebook parent Meta Platforms are upping the AI ante too, collectively budgeting about $325 billion for investments in the technology this year — with a significant amount of that money likely to flow into Nvidia's coffers.
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