Nvidia is worth more than the entire stock market of any country in Europe.

Nvidia
$5.0tn
UK
$4.1tn
France
$3.6tn
Germany
$2.9tn
Switzerland
$2.3tn
Netherlands
$2.0tn

Total stock market value: Nvidia versus the whole stock market of each of Europe's five largest national markets, July 2026. Trillions of dollars. Nvidia outweighs each one on its own.

Why this is happening

Nvidia makes the chips that train almost every AI model, so the entire boom runs through one company's order book.
Europe's markets are full of banks, carmakers and drugmakers but have almost no large tech, so they have not had a run like this.
When one product becomes the pick-and-shovel of a gold rush, its maker can outgrow whole national economies.

The take

A single chipmaker outweighing Britain's or Germany's entire market is not normal. Europe's markets have rallied hard this year and Nvidia still tops each of them one by one, a measure of how much the world has bet that AI pays off.

Source: Company filings, CEIC and exchange data (July 2026)