As Nvidia Crosses $5 Trillion, Bitcoin Slips Behind U.S. Equity Gains in 2025

Nvidia’s $5 Trillion Valuation Pushes U.S. Stocks Ahead of Bitcoin’s 2025 Gains

29/10/2025

Bitcoin’s performance has slipped behind major U.S. stock indexes in 2025, as Nvidia’s record-breaking rally continues to propel equity markets to new highs.

While bitcoin (BTC) hovered near $109,990, the S&P 500 has climbed 17% year-to-date, overtaking BTC’s 16% rise, and the Nasdaq Composite is now up 24%. Gold, meanwhile, remains the year’s standout asset, soaring 50%.

The latest advance in U.S. stocks has been fueled by gains in the “Magnificent Seven” tech leaders, led by Nvidia (NVDA). The chipmaker’s shares have surged 17% in just five days, lifting its market capitalization above $5 trillion on Wednesday amid a string of AI-related partnerships.

Microsoft (MSFT) and Apple (AAPL) trail slightly behind, each valued near $4 trillion, as megacap tech continues to dominate U.S. market performance.

Data from Hedgie Markets shows Nvidia has accounted for nearly 20% of the S&P 500’s total gains this year and now represents 8.3% of the index’s weighting. Dow Jones Market Data notes that Nvidia’s valuation now exceeds the combined market caps of AMD, Arm Holdings, ASML, Broadcom, Intel, Lam Research, Micron, Qualcomm, and Taiwan Semiconductor.

Nvidia’s ascent has paralleled the rapid expansion of the artificial intelligence sector. On Tuesday, the company unveiled multiple new initiatives — including partnerships with Palantir (PLTR) and Samsung, a $1 billion investment in Nokia, and talks with the U.S. Department of Energy on building advanced supercomputers.

Early Wednesday trading reflected the same trend: the Nasdaq rose 0.5%, Nvidia gained another 4.6%, and bitcoin slipped below $113,000, about 10% under its record high.