Nvidia's meteoric rise in valuation has brought it to the cusp of overtaking the size of the Indian economy — a staggering milestone that underscores the explosive growth of the AI sector. With a current market capitalisation nearing $4 trillion, Nvidia is now almost as valuable as India's entire GDP, estimated at $4.2 trillion by the IMF. A further 5% gain in its share price could push it over that line.
The latest rally in Nvidia's stock, which surged nearly 3% on Wednesday to a new 52-week high, was fueled by news that Perplexity AI — a startup backed by Nvidia — launched an AI-powered web browser named Comet. This next-gen browser is positioned to challenge Google Chrome, currently dominating with a 68% global market share.
Unlike traditional browsers, Comet leverages “agentic AI” — a concept where AI acts more like an assistant than a search engine. It can:
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Answer questions conversationally
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Summarize long content
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Compare products
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Book appointments
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Perform research and more
The innovation has backing from tech giants like Jeff Bezos and SoftBank, reinforcing Nvidia’s expanding influence beyond chipmaking into full-spectrum AI application enablement.
Nvidia’s stock is up 24% in the past year, and 18% year-to-date in 2025, significantly outpacing the Nasdaq Composite, which has grown 11% in the last year and 6.5% this year.
This astronomical growth has pushed Nvidia ahead of other tech titans:
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Microsoft: ~$3.7 trillion
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Apple: ~$3.1 trillion
The excitement surrounding Nvidia’s AI dominance and ecosystem expansion has also lifted Wall Street broadly, signaling how central Nvidia has become to investor optimism about the future of technology.
In short, Nvidia is not just shaping the AI revolution — it’s becoming the economic force behind it.
