Nvidia’s $5.4 Trillion Market Cap Surpasses Russell 2000

Nvidia’s market capitalization reached $5.43 trillion at the Sept. 25, 2026, close, surpassing the Russell 2000’s $3.5 trillion aggregate value and underscoring the chipmaker’s scale relative to nearly 2,000 U.S. small-cap companies.

Nvidia’s value stood at about $5.43 trillion at 4 p.m. EDT (8 p.m. UTC) on Sept. 25. The Russell 2000’s $3.5 trillion figure reflects its aggregate market capitalization as of April 30, 2026, creating a gap of roughly $1.9 trillion between the two measures.

The comparison does not represent a same-day measurement. The Russell 2000 had 1,953 holdings as of Aug. 31, 2026, and tracks approximately 2,000 of the smallest companies in the Russell 3000. The broader index covers about 98% of the investable U.S. equity market.

Nvidia was the largest company in the Russell 3000 at the April 30 rank date, with a market capitalization of $4.8496 trillion. Based on the Sept. 25 figure, its value has increased by about $580 billion since then.

The company’s fiscal 2026 revenue reached $215.938 billion for the year ended Jan. 25, 2026, up 65% from the prior year. GAAP net income also rose 65% to $120.067 billion.

Fourth-quarter data-center revenue totaled $62.3 billion, an increase of 75% from a year earlier. Full-year data-center revenue reached $193.7 billion.

“Computing demand is growing exponentially — the agentic AI inflection point has arrived,” Nvidia founder and CEO Jensen Huang said in the company’s fiscal 2026 results announcement.

The Russell 2000’s total market capitalization rose from $2.7 trillion in 2025 to $3.5 trillion as of April 30, 2026. The comparison with Nvidia therefore shows the difference in scale between one company and the U.S. small-cap universe, while relying on valuation figures from separate dates.