The largest company in the world -- NVIDIA (NVDA) -- reported quarterly earnings on Wednesday (8/27) after the close, and you can read our review of NVDA's conference call here if you're interested.

While NVIDIA (NVDA) has historically averaged a one-day change of nearly +/-8% following earnings, its reaction to this quarter's report was a decline of less than 1%.  As you can see in the chart below, bulls went into NVDA earnings hoping the stock would break out to new highs after a period of sideways action since mid-July.  That breakout has yet to materialize, though, and today we're seeing shares head lower by 2-3% again.  For now, new highs for NVDA appear to be on hold.

Below are a few charts that highlight just how gigantic NVIDIA (NVDA) has become.  The first stacks NVDA's market cap against the world’s largest economies.  At $4.4 trillion, NVIDIA is now bigger than the entire equity markets of five of the seven G7 countries—Italy, Germany, France, the U.K., and Canada.  Japan is the only non-US country in the G7 with a larger market cap.  That means one U.S. company, riding the AI wave, is worth more than the combined value of every publicly traded company in several of the world’s most advanced economies.

If you thought comparing NVIDIA to entire countries was wild, our next chart shows just how far ahead it is of some of America’s most iconic companies.  With a market cap north of $4 trillion, NVIDIA is worth 6 Walmarts (WMT), 11 Costcos (COST), 20 McDonald’s (MCD), or 25 Citigroups (C).  Taking it further, it could swallow 38 Nikes (NKE), 45 Starbucks (SBUX), or 50 Dells (DELL).  At the extreme end, NVIDIA’s value equals about 60 UPS (UPS), 78 Chipotles (CMG), 94 Fords (F), 102 Targets (TGT), or 103 eBays (EBAY).  Put simply, NVIDIA’s market cap isn’t just massive, it’s in a league of its own, making even household corporate giants look like small caps by comparison.

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Our last chart pushes the point even further: NVIDIA’s market cap doesn’t just dwarf corporate icons, it makes many popular consumer brands look minuscule.  At today’s size, NVIDIA is worth the same as 119 Hersheys (HSY), 183 Lululemons (LULU), or 244 Dick’s Sporting Goods (DKS).  It could equal 290 Domino’s (DPZ), 358 Wynn Resorts (WYNN), or 458 New York Times (NYT).  Stretch it further, and you get jaw-dropping multiples: 551 Gaps (GAP), 984 Shake Shacks (SHAK), 1,223 Macy’s (M), 2,090 Under Armours (UAA), 3,036 Kohl’s (KSS), or an incredible 3,451 Cracker Barrels (CBRL).  When one company is worth thousands of other recognizable brands outright, it underscores just how unprecedented NVIDIA’s dominance has become.

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