Nvidia’s market cap of $5.05 trillion is now much bigger than that of BRICS member India’s entire stock market combined. The valuation of India’s stock market stands at $5 trillion, and Nvidia, a single US-based tech titan, is bigger than the overall equity sector of the developing country. This highlights how artificial intelligence (AI) has given software giants and GPU manufacturers a boost. AI is now dominating the tech space, and any multinational corporation that is not into deployment will lose out in the long run.
Despite BRICS member India being the fifth-largest stock market in the world, Nvidia outpaced it on Thursday. In the last five years alone, Nvidia’s market cap has surged fivefold from $1.01 trillion to $5.05 trillion. The growth of the company is unprecedented, and its stock also spiked more than 1,000%. NVDA was trading well below the $200 mark in 2026, but rallied on Thursday, reaching a yearly high of $216. It opened Friday’s trading session at $211 and is now attracting bullish sentiments.
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BRICS Country India’s Entire Stock Market is Smaller Than Nvidia
Commending on Nvidia’s meteoric rise, Harshal Dasani, Business Head at INVasset PMS, lauded the company beating BRICS member India’s stock market valuation. “When compute becomes the bottleneck for an entire technological shift, the supplier of that compute captures an outsized share of the value chain. That is the pattern with infrastructure monopolies, and Nvidia fits it cleanly,” he said in an interview with Mint. He added that NVDA controls roughly around 80% of the AI market and is a front-runner in the next-gen tech space.
Wall Street analysts also say that Nvidia beating BRICS member India’s stock market valuation shows immense confidence in the AI sector. This comes even after tech giants have faced scrutiny on their capex for overspending to develop the AI infrastructure. Not just Nvidia, software firms like Microsoft, Apple, AMD, and Intel, among others, are heavily spending to build the platforms. Even energy suppliers, high-bandwidth memory suppliers, and fibre-optics suppliers are all gaining big time from the tech.