Bitcoin Lags U.S. Stocks as Nvidia Surges to Record $5 Trillion Market Cap

Nvidia’s $5 Trillion Breakout Puts U.S. Stocks Ahead of Bitcoin in 2025 Returns

29/10/2025

Bitcoin’s stellar 2025 rally has lost its edge, with major U.S. stock indexes now outperforming the cryptocurrency as Nvidia’s surge to a $5 trillion market cap powers equity markets to record highs.

Bitcoin (BTC) slipped to around $109,990 on Tuesday, trimming its year-to-date gain to 16%. In contrast, the S&P 500 has climbed 17%, while the Nasdaq Composite is up 24%, driven by strength in megacap tech. Gold remains the top-performing major asset of the year, soaring 50% amid demand for safe-haven assets.

The latest stock market rally has been anchored by the “Magnificent Seven”, led by Nvidia (NVDA). The AI chipmaker’s shares have jumped 17% over the past five sessions, pushing its valuation above $5 trillion — a historic milestone fueled by a wave of AI-related partnerships.

Microsoft (MSFT) and Apple (AAPL) continue to follow closely, each valued near $4 trillion, reflecting the growing dominance of a handful of tech giants in shaping market performance.

According to data from Hedgie Markets, Nvidia alone has contributed nearly 20% of the S&P 500’s total gains in 2025 and now accounts for 8.3% of the index’s weighting. Figures from Dow Jones Market Data show the chipmaker’s valuation now exceeds the combined worth of major semiconductor peers, including AMD, Arm Holdings, ASML, Broadcom, Intel, Lam Research, Micron, Qualcomm, and Taiwan Semiconductor.

Nvidia’s rise has been supported by accelerating investment in artificial intelligence. On Tuesday, the company announced multiple initiatives, including partnerships with Palantir (PLTR) and Samsung, a $1 billion stake in Nokia, and ongoing discussions with the U.S. Department of Energy to develop advanced supercomputers.

In early Wednesday trading, Nvidia gained another 4.6%, helping the Nasdaq rise 0.5%, while bitcoin slipped below $113,000, roughly 10% off its all-time high.