Nvidia Tops $5 Trillion Valuation as Bitcoin Falls Behind U.S. Equities Year-to-Date

Nvidia’s $5 Trillion Rally Pushes U.S. Equities Past Bitcoin’s 2025 Performance

29/10/2025

Bitcoin (BTC) has fallen behind major U.S. stock indexes this year as Nvidia’s record-breaking surge continues to power a broader rally in equities.

Trading near $109,990 on Tuesday, bitcoin’s 16% year-to-date gain now trails the S&P 500’s 17% advance and the Nasdaq’s 24% climb. Meanwhile, gold remains the year’s standout performer with a 50% increase, reflecting persistent demand for safe-haven assets.

The stock market’s momentum has been driven largely by the “Magnificent Seven” tech giants—led by Nvidia (NVDA). The chipmaker’s shares have surged 17% over the past week, lifting its market capitalization above $5 trillion on the back of accelerating AI-related partnerships and investments.

Microsoft (MSFT) and Apple (AAPL) remain close behind, each valued at roughly $4 trillion, underscoring the concentrated leadership of mega-cap technology stocks in 2025’s rally.

Data from Hedgie Markets shows Nvidia has contributed nearly one-fifth of the S&P 500’s total gains this year and now accounts for 8.3% of the index’s weighting. According to Dow Jones Market Data, the company’s valuation now exceeds the combined market caps of AMD, ASML, Broadcom, Intel, Micron, Qualcomm, and Taiwan Semiconductor.

Nvidia’s rise mirrors the rapid expansion of the artificial intelligence ecosystem. On Tuesday, the company announced new partnerships with Palantir (PLTR) and Samsung, a $1 billion investment in Nokia, and discussions with the U.S. Department of Energy to build next-generation supercomputers.

In early Wednesday trading, Nvidia climbed another 4.6%, helping the Nasdaq gain 0.5%, while bitcoin slipped back below $113,000—about 10% below its record high.

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