Imagine this: one company, Nvidia, is now worth more than the entire German industry! Yes, you read that right. Last Tuesday, the market capitalization of this American tech giant surpassed an astonishing $4.02 trillion. This is a historic record — no other company in the world has ever reached this figure.
For comparison, the total value of all companies listed on the German stock exchange, including huge industrial players like Mercedes, Siemens, Volkswagen, and Deutsche Telekom, is about $2.97 trillion. In other words, Nvidia is now worth over a trillion dollars more than the entire German stock market!
Germany, known as the economic engine of Europe and the third-largest economy in the world, is now overshadowed by a single American tech giant. How did this explosive growth happen? It all comes down to the massive demand for Nvidia’s graphics processors, which are key to the development of artificial intelligence, especially large language models used by OpenAI, Google, and Microsoft.
Since the beginning of the year, Nvidia’s stock price has risen by more than 100%, doubling its market value in less than a year. The company occasionally takes the top spot on the list of the world’s most valuable companies, ahead of Apple and Microsoft.
But it’s not all sunshine and rainbows — there are increasing warnings that such rapid and strong growth might not be sustainable. Still, the fact that the six largest American tech companies — Nvidia, Apple, Microsoft, Alphabet (Google), Amazon, and Meta — together are worth over $17 trillion, surpassing China’s annual GDP, clearly shows how dominant the tech sector has become in the global economy.
This situation sheds new light on the global economy and shows how fast the world is changing. Is this just the start of a new era or a bubble about to burst? Only time will tell. What do you think about this madness? Is Nvidia the new king of the world or just a lucky moment in stock market history? Drop a comment and let’s see who’s for or against this tech revolution!
