Nvidia (NASDAQ: NVDA) has reached yet another historic milestone. The AI chipmaker’s market capitalization has surged to $4.224 trillion, surpassing the combined value of Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA), according to real-time data from CompaniesMarketCap retrieved by Finbold on July 17.
Apple currently holds a $3.14 trillion valuation, while Tesla is worth $1.03 trillion, giving a total of $4.17 trillion. That means Nvidia alone is now valued higher than two of Silicon Valley’s most iconic names, a feat unimaginable just 18 months ago when Nvidia sat outside the top five.
The explosive rally in Nvidia shares now trading at $173.22 is being driven by insatiable investor demand for AI infrastructure. As large language models, AI datacenters, and autonomous systems become core to enterprise and government strategy, Nvidia’s dominance in GPU computing has become central to global tech.
Nvidia stock price analysis
The stock is up 1.08% on the day and over 20% in the last 30 days, reflecting sustained institutional inflows. By contrast, Tesla has struggled to regain momentum amid EV demand concerns, and Apple’s revenue growth has stalled as iPhone sales plateau in mature markets.
In terms of global rankings, Nvidia remains firmly entrenched as the most valuable company in the world, ahead of Microsoft ($3.787T), Apple ($3.14T), and Amazon ($2.373T). This is despite growing antitrust scrutiny and competitive threats from AMD, Intel, and a wave of custom chip designs.
Still, Wall Street analysts continue to raise targets. With major cloud providers like Microsoft, Meta, and Alphabet expanding GPU capacity, and Nvidia’s AI dominance unchecked, many believe the $5 trillion mark is now well within reach.
