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NVIDIA Corp, a leading technology company, has achieved a remarkable milestone as its market capitalization has surpassed the combined totals of Germany and Italy. With its stock surging nearly 200% this year, NVIDIA’s market cap now stands at an impressive $3.5 trillion. This development, highlighted by Torsten Sløk, Chief Economist at Apollo, underscores a broader trend where foreign investors own approximately 18% of the U.S. stock market.

According to Sløk, this shift in market dynamics has far-reaching implications, impacting retirement allocations and investment strategies worldwide. A chart from Apollo reveals that NVIDIA’s market cap exceeds the individual market caps of five G7 countries. While Japan leads the pack with a market cap of $6.4 trillion, Canada, the United Kingdom, France, Germany, and Italy trail behind with market caps of $3.3 trillion, $3.2 trillion, $3.1 trillion, $2.5 trillion, and $0.8 trillion, respectively.

Jason Zweig, a columnist for The Wall Street Journal, further emphasizes the significance of NVIDIA’s market cap by stating that it now surpasses the entire German and Italian stock markets combined, which total approximately $3.3 trillion.

The Group of Seven (G7), consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, with the European Union as a non-enumerated member, represents major advanced economies globally. These nations share common values of democracy and market liberalization.

NVIDIA’s remarkable market cap surge can be attributed to its strategic expansion efforts. The company has been actively pursuing growth in India and Thailand, aiming to develop their domestic semiconductor supply chains. This expansion aligns with NVIDIA’s focus on the artificial intelligence wave, which is projected to reach a valuation of $10 trillion by 2025, according to Beth Kindig of I/O Fund.

Furthermore, NVIDIA’s stock has witnessed exceptional performance, reaching an all-time high with over 236% returns in the past year. This outstanding growth has also translated into significant gains for ETFs associated with NVIDIA, further highlighting the company’s market influence.

In terms of recent price action, NVIDIA stock closed at $140.41 on Thursday, marking a 0.61% increase for the day. In after-hours trading, the stock dipped 0.25%. Year to date, the stock has seen impressive growth of 191.49%, according to data from Benzinga Pro.