Nvidia is now worth more than every economy except two

Nvidia closed above a $5 trillion market capitalization on April 24, 2026 (stock closed at $208.27, +4.3%), making the company, on paper, larger than the annual GDP of every country except the U.S. and China. The rise — driven by explosive AI-related demand for Nvidia GPUs and hefty fiscal 2026 revenue ($215.9 billion, +65% YoY) — has made the stock a dominant weight in major indexes, amplifying market concentration and investor exposure. Analysts and institutions offer mixed views: CEO guidance and strong fundamentals support continued growth, while some voices warn that AI spending could be front‑loaded and that Nvidia’s size increases systemic fragility. The article emphasizes diversification and risk awareness for investors now heavily exposed to Nvidia.