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Nvidia Ends 2025 as World's Most Valuable Company in EY Ranking, Overtaking Apple

An AI boom reshaped valuations, concentrating gains in the United States and Asia.

Overview

  • EY places Nvidia at about $4.5 trillion in market value at year-end 2025, topping Apple at roughly $4 trillion.
  • Nvidia’s capitalization was nearly twice the combined $2.5 trillion of the 40 companies in Germany’s DAX index.
  • U.S. firms accounted for 60 of the top 100 companies, with eight of the top ten American; Saudi Aramco and TSMC were the only non-U.S. entries in the top tier.
  • The 100 largest listed companies added roughly $10 trillion in 2025, with average market capitalization rising about 23%.
  • Europe counted 17 companies in the top 100, with Germany represented by SAP (rank 45), Siemens (73), and Allianz (98), while Tesla led automakers at $1.5 trillion as German carmakers fell to ranks 327, 329, and 364.