Has Corporate Dominance Gone Too Far?

Nvidia is now worth $4.7 trillion, surpassing the total stock market valuations of Canada, France, and the UK.

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Source: DepositPhotos

NVIDIA (NVDA) is now the world’s largest company by market capitalization at approximately $4.7 trillion, making it more valuable than the entire stock markets of several developed economies. Canada’s equity market is worth roughly $4.4 trillion, while Germany, the United Kingdom, and France each have stock markets valued at around $3-4 trillion. This highlights the growing dominance of U.S. companies and their remarkable ability to create value, innovate, and capture global market leadership. 

Source: Bloomberg, Apollo Chief Economist, The Business Week Graphic; May 8, 2026

This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.

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