<div id="readability-page-1"><div><div><p><strong>Nvidia Corp.’s</strong> <span>NVDA</span> market capitalization has reached a staggering $4.32 trillion, surpassing the gross domestic product (GDP) of Canada's entire economy, as new forecasts point to explosive global demand for AI-driven data centers.</p><p>Check out the current price of NVDA stock here.</p><h2><strong>Nvidia Tops Global Rankings With $4.32 Trillion Valuation</strong></h2><p>On Monday, prediction market platform <strong>Kalshi</strong> highlighted Nvidia's historic milestone: the chipmaker is now worth more than Canada's GDP.</p><p>The World Bank estimates Canada's 2024 GDP at about $2.24 trillion, while Nvidia's market capitalization stands at $4.32 trillion, making it the most valuable company in the world.</p><p>Nvidia shares are up 28.51% year to date and 52.21% over the past 12 months, according to Benzinga Pro. The stock currently trades at a forward price-to-earnings ratio of 39.68, underscoring investor confidence in its AI dominance.</p><h2><strong>AI Data Centers Set To Fuel Multi-Trillion-Dollar Market</strong></h2><p>The valuation surge comes as <strong>McKinsey &amp; Company </strong>released a report projecting a 3.5-fold increase in global AI-specific data center capacity by 2030.</p><p>Power demand for AI workloads is expected to rise from 44 gigawatts in 2025 to 156 gigawatts by decade's end.</p><p>Overall, McKinsey forecasts that data center capital spending, excluding IT hardware, will exceed $1.7 trillion by 2030. AI workloads are projected to account for 70% of total capacity, cementing Nvidia's central role in the sector.</p><h2><strong>Record Earnings And Guidance Boost Confidence</strong></h2><p>In August, Nvidia reported second-quarter revenue of $46.74 billion, a 56% year-over-year jump that beat Wall Street's $46.02 billion estimate.</p><p><strong>Blackwell </strong>data center revenue climbed 17% quarter-over-quarter, while the company confirmed no <strong>H20 </strong>sales to China during the quarter.</p><p>Looking ahead, Nvidia guided third-quarter revenue between $52.92 billion and $55.08 billion, largely in line with expectations. The outlook excludes potential H20 shipments to China, reflecting ongoing export restrictions.</p><h2><strong>Rising Tensions With China</strong></h2><p>Despite its global dominance, Nvidia faces growing scrutiny in China.</p><p>On Monday, Beijing extended an anti-monopoly probe into the company, citing alleged violations tied to its 2020 acquisition of <strong>Mellanox Technologies</strong>.</p><p>The investigation coincides with China's broader push for homegrown AI chip development. <strong>Wei Shaojun</strong>, a professor at <strong>Tsinghua University</strong>, has urged Beijing to reduce reliance on U.S. GPUs, warning that overdependence poses strategic risks.</p><p><strong>Benzinga's Edge Stock Rankings</strong> show that NVDA continues to perform strongly across short, medium, and long-term horizons. More detailed insights are available here.</p><ul> <li><strong>Apple May See Fewer Searches In Safari, But Google CEO Sundar Pichai Insists AI Is Fueling Overall Query Growth: ‘Far From A Zero-Sum Game'</strong></li> </ul><p><em>Photo courtesy: Chung-Hao-Lee / Shutterstock</em></p></div></div></div>

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<p>Nvidia Corp.'s market capitalization has reached $4.32 trillion, surpassing Canada's GDP of $2.24 trillion, making it the world's most valuable company. McKinsey projects AI data center spending will exceed $1.7 trillion by 2030, with Nvidia playing a central role as AI workloads are expected to account for 70% of total capacity. Despite record earnings and a positive outlook, Nvidia faces scrutiny in China due to an anti-monopoly probe related to its acquisition of Mellanox Technologies.</p>

- Nvidia Corp. has achieved a market capitalization of $4.32 trillion, exceeding Canada's GDP of approximately $2.24 trillion, highlighting its dominance in the AI-driven data center market.  
- The company reported a 56% year-over-year revenue increase to $46.74 billion in Q2 and projects third-quarter revenue between $52.92 billion and $55.08 billion, despite facing scrutiny from China.  
- McKinsey forecasts a significant rise in global AI-specific data center capacity, with Nvidia expected to play a central role as AI workloads dominate the market.  

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Nvidia's Market Capitalization Surpasses Canada's GDP, As McKinsey Projects $1.7 Trillion AI Data Center Spend By 2030