Nvidia poised to be the first company with a $5T market cap
Seven years after Apple became the first company to reach a $1 trillion market capitalization, Nvidia is poised to be the first to attain a $5 trillion market cap.
The chipmaker giant, whose stock was worth $4.5 trillion at the end of this year’s third quarter, is expected to surpass $5 trillion by Nov. 15, according to an analysis of the 20 most valuable companies by BestBrokers, a provider of information services for traders.
Nvidia most recently was buoyed by a $100 billion investment in OpenAI, which early this year partnered with SoftBank as leaders of the Stargate data center project. The massive Stargate data centers are packed with Nvidia graphics processing units, which now account for roughly 70% of spending on new AI centers, according to a BestBrokers report.
The company’s stock had advanced by 34% this year as of Oct. 7, while its market cap surged by 44%, based on data provided by CompaniesMarketCap.com. Nvidia’s market cap has a three-year average growth rate of 164%. Next on that list are Netflix and Broadcom and Netflix, with average three-year growth rates of 105% and 99%, respectively.
The second-most-valuable company currently, Microsoft, had a market cap of $3.93 trillion as of Oct. 7. Since then, it has become the second company to reach a worth of $4 trillion, and is expected to get to $5 million by Aug. 28, 2026.
Four other technology companies are currently anticipated to hit the $5 million mark in 2027: Apple, Broadcom, Alphabet and Meta.
Many of the studied companies have market caps of less than $1 trillion. Among them, the next five forecasted to pass that mark are JPMorgan Chase, Oracle, Walmart, Tencent (a Chinese investment holding company) and Eli Lilly, all in the first eight months of 2026.
BestBrokers acknowledged its projections “follow very bullish scenarios, where these companies’ exceptionally fast growth continues at the same pace.”
Among the 20 companies in the analysis, JPMorgan’s market cap is the fastest-growing in 2025 — up a whopping 182% year-over-year through Oct. 7.
The financial company’s expansion into AI-driven financial services and digital banking, as well as Oracle’s “aggressive pivot toward cloud infrastructure and enterprise automation,” illustrate “how even traditional conservative sectors are embracing innovation to sustain competitiveness in an AI-dominated era,” BestBrokers wrote.
After JPMorgan, this year’s top market-cap growth rates among the 20 companies are about half that of the banking company, with Tesla at 96% and Broadcom at 94%.