Nvidia Becomes World's Most Valuable Company, Surpasses Apple With $3.92 Trillion Market Cap

Nvidia has reached an all-time market valuation of $3.92 trillion as of Thursday, July 3, and is now the most valuable company in history. The record-breaking valuation surpasses Apple's former all-time high of $3.915 trillion, which was set on December 26, 2024, and places Nvidia at the top of the world tech market. The boom is fueled by increased demand for Nvidia's AI chips, the foundation for state-of-the-art artificial intelligence innovation throughout the technology community.

Why Nvidia Is Leading the AI Race

While Microsoft, Google, Amazon, and Meta are spending billions on AI innovation, Nvidia is reaping the most by providing the essential hardware behind their models:

• AI-specialised GPUs initially designed for gaming are now central to training massive AI systems such as GPT, Gemini, and Grok.
• The firm's processors are installed in almost all the top AI data centres, becoming an integral part of the world's AI foundation.
• Nvidia's market value has skyrocketed almost 8x since 2021, increasing from $500 billion to almost $4 trillion.

Nvidia stock is up over 68% since April 2025, recovering after early losses attributed to U.S. tariff fears under Donald Trump's new trade policies.

Nvidia vs Big Tech: Market Capitalisation (July 2025)

Nvidia’s valuation is higher than the entire stock market of the UK, and all publicly traded companies in Canada and Mexico combined, as per LSEG data.

Billionaire Boom: Jensen Huang’s Net Worth Soars

Nvidia CEO Jensen Huang has seen his fortune explode alongside the company’s meteoric rise:

• Net worth in 2025: $139 billion
• Gain in 2025 alone: $25 billion, according to Bloomberg Billionaires Index

This phenomenal growth cements Huang’s place among the richest individuals in the world, driven by Nvidia’s unrelenting dominance in the AI chip market.

The Bigger Picture

• The AI revolution is creating winner-take-most dynamics in hardware.
• Nvidia's central role in AI training puts it in a quasi-monopolistic position.
• Its growth trajectory reflects Wall Street's growing conviction that the future of AI — and computing at large — will be built on Nvidia’s architecture.

Nvidia’s rise to the top is more than just a stock market story — it’s a testament to how critical hardware innovation has become in the AI era. While Microsoft and Google build models and platforms, it’s Nvidia supplying the engine. If current trends hold, Nvidia may not only hold onto the crown but redefine what corporate dominance in the age of AI truly looks like.