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Nvidia Skyrockets Past Tech Giants
9 Sep
Summary
- Nvidia's revenue grew 35 times, reaching $215 billion by fiscal year 2026.
- Apple leads Bay Area revenue at $416 billion, followed by Alphabet at $403 billion.
- Nvidia's market cap hit $5.2 trillion, surpassing Apple's $4.75 trillion.
Nvidia stands as the Bay Area's most remarkable growth story over the past two decades, significantly expanding from $4 billion in fiscal year 2008 to $215 billion in fiscal year 2026. This 35-fold increase, adjusted for inflation, highlights its dominance in the AI chip market.
However, Apple continues to lead in revenue within the region, reporting $416 billion in its most recent fiscal year, more than double Nvidia's earnings. Alphabet closely follows with $403 billion in revenue. This reflects a broader trend where tech companies increasingly shape the local economy.
Nvidia's market capitalization has reached an astounding $5.2 trillion, a 573-fold increase since 2009, surpassing Apple's $4.75 trillion. This economic shift sees 21 of the top 25 public companies by revenue being tech-focused, a stark contrast to 2009 when only 15 were tech-related.
The collective revenue of the top 200 companies has grown significantly, from approximately $1.6 trillion in today's dollars in 2009 to $2.6 trillion in fiscal year 2026. This growth underscores the profound impact of tech titans on the Bay Area's economy, driving record earnings and property values.
