Nvidia, Microsoft and Apple Are Bigger Than China’s Stock Market

Microsoft Corp., Nvidia Corp. and Apple Inc. are now worth more combined than China’s stock market.

With a total market capitalization of about $9.2 trillion, the three most valuable tech firms have overtaken all of the nearly $9 trillion worth of stocks actively traded on <-rte-company state="{"_id":"0000018f-ed6b-d5f2-a59f-ff6fb4f20000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Chinese exchanges excluding Hong Kong, according to data compiled by Bloomberg.

Investor demand for artificial intelligence exposure has propelled many shares in the sector to record highs. Nvidia — arguably the biggest beneficiary of a massive flood of AI spending of the past year — saw its market capitalization <-bsp-bb-link state="{"bbDocId":"SEMTDCDWLU68","_id":"0000018f-ed6b-d5f2-a59f-ff6fb4f30001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">hit $3 trillion this ...