Nvidia’s market cap reaches $4 trillion! US chipmaker only 5% shy of crossing India’s total GDP; what’s driving the rise?

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Nvidia’s market capitalization has surpassed $4 trillion, driven by the AI sector’s growth, even nearing India’s GDP. The surge followed the unveiling of Comet, an AI-enhanced web browser by Perplexity AI, backed by Nvidia. This new browser aims to challenge Google Chrome’s dominance in the market, offering AI-driven navigation and task execution.

Nvidia Corporation’s market capitalization has crossed the $4 trillion mark! Nvidia Corporation, the US chipmaker giant, became the first company in the world to cross the $4 trillion market valuation figure. Nvidia achieved this significant milestone on Wednesday when its shares increased by approximately 3% on Nasdaq, reaching their highest point in 52 weeks, driven by the artificial intelligence sector’s expansion.

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What’s even more astounding is that Nvidia’s market cap is just shy of India’s estimated GDP. According to an ET report, a modest 5% increase in Nvidia’s share price would elevate its market value beyond the total GDP of India.India’s GDP is estimated at $4.2 trillion, according to the IMF, with projections indicating growth to $4.27 trillion soon, the report said.The company’s stock performance has been exceptional, showing gains exceeding 24% over the previous year and 18% in 2025 to date, significantly outpacing the Nasdaq Composite, which recorded gains of 11% and 6.5% respectively.The Wednesday share price increase coincided with the announcement from Nvidia-supported Perplexity AI regarding their introduction of Comet, an innovative web browser featuring AI-enhanced search capabilities.

This venture, established by Jensen Huang, aims to compete directly with the current market leader, Alphabet’s Google Chrome.Perplexity AI has entered the browser market with a new offering that uses artificial intelligence to handle user navigation and decision-making autonomously, according to Reuters.The report highlighted Google Chrome’s dominant position in the global browser landscape, commanding 68% market share in June, significantly outperforming competitors Safari, Microsoft Edge, and Firefox, as per StatCounter data.Nvidia’s market capitalization is more than its primary competitors, with Microsoft and Apple valued at $3.7 trillion and $3.1 trillion respectively.The new browser, Comet, supported by prominent investors including Jeff Bezos and SoftBank, offers a consolidated platform for queries, task execution, and research. It features an integrated assistant capable of product comparisons, content summarisation, scheduling, and simplifying complex processes through conversational interactions.

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The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read More

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