Nvidia’s $5 Trillion Surge Leaves Bitcoin Trailing U.S. Stocks in 2025
29/10/2025
Bitcoin (BTC) is now underperforming major U.S. stock indexes as Nvidia’s record rally drives a powerful resurgence in equities.
After slipping on Tuesday to around $109,990, bitcoin’s 16% year-to-date gain has fallen behind the S&P 500’s 17% and the Nasdaq’s 24% advances. Meanwhile, gold continues to dominate the leaderboard with an impressive 50% rise in 2025.
The latest leg of the stock market rally has been powered by the “Magnificent Seven” tech giants — with Nvidia (NVDA) once again at the forefront. The chipmaker’s shares have surged 17% over the past week, propelling its market capitalization above $5 trillion amid a wave of AI-related partnership announcements.
Microsoft (MSFT) and Apple (AAPL) remain close behind, each valued near $4 trillion, underscoring the concentration of market leadership among megacap tech names.
According to Hedgie Markets, Nvidia has accounted for nearly 20% of the S&P 500’s total gains this year and now makes up 8.3% of the index’s weighting. Data from Dow Jones Market Data shows Nvidia’s valuation now exceeds the combined market cap of major semiconductor peers including AMD, ASML, Broadcom, Intel, Micron, Qualcomm, and Taiwan Semiconductor.
Nvidia’s momentum has coincided with major developments in artificial intelligence infrastructure. On Tuesday, the company unveiled several initiatives — including new partnerships with Palantir (PLTR) and Samsung, a $1 billion investment in Nokia, and talks with the U.S. Department of Energy to develop cutting-edge supercomputers.
In early Wednesday trading, the Nasdaq rose 0.5%, Nvidia gained another 4.6%, and bitcoin retreated below $113,000, roughly 10% short of its record high.
