In Short
- Nvidia’s market cap hits $4 trillion, nearing India’s GDP
- A 5% stock rise could surpass India’s $4.2 trillion economy
- Nvidia shares hit 52-week high after Perplexity AI’s Comet launch
Nvidia, the US-based chipmaker riding high on the artificial intelligence (AI) wave, has reached a record-breaking market capitalisation of $4 trillion, putting it within touching distance of India’s entire economy.
A 5% rise in Nvidia’s stock from here could make the company more valuable than India’s GDP, highlighting the scale of growth seen in the AI-driven tech sector.
According to the International Monetary Fund (IMF), India’s gross domestic product is currently estimated at $4.2 trillion and is expected to touch $4.27 trillion by the end of 2025. Nvidia’s current valuation now hovers just beneath this number.
NVIDIA’S STOCK HITS RECORD HIGH
Nvidia’s share price jumped nearly 3% on Wednesday, hitting a new 52-week high on the Nasdaq. The latest rally was triggered by news from Perplexity AI, a startup backed by Nvidia, which announced the launch of a new AI-powered web browser named Comet.
In the last one year, Nvidia’s stock has gained over 24%, and in 2025 so far, it is up by 18%. These returns are well ahead of the broader market. The Nasdaq Composite has risen about 11% over the past year and 6.5% so far this year.
Nvidia’s rapid growth has pushed it past other tech giants in terms of valuation. Microsoft is currently valued at $3.7 trillion, while Apple sits at around $3.1 trillion.
BACKING FROM BIG NAMES AND BROWSER LAUNCH BOOST
The latest surge in Nvidia’s market cap came after Perplexity AI revealed Comet, an AI-enabled web browser that aims to take on Google Chrome, which dominates the global browser market with a 68% share, according to data from StatCounter.
Comet is designed to go beyond traditional search functions. It uses what is being described as “agentic AI” to help users ask questions, perform tasks, and carry out research within one interface. It can also compare products, summarise long articles, book appointments, and assist with complex tasks in a conversational format.
Comet is supported by big names in the tech and investment world, including Amazon founder Jeff Bezos and investment group SoftBank. The project reflects Nvidia’s growing role in the wider AI ecosystem, not just as a chip supplier, but as an enabler of next-gen applications built on those chips.
The positive mood around Nvidia also lifted Wall Street’s key stock indices.
