Nvidia Is Now Worth More Than 112 Nikes as AI Valuation Hits $5.65T
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The AI chipmaker closed Friday with a market capitalization of about $5.65 trillion, while Nike's value fell to roughly $50.25 billion after another weak session. That leaves a valuation gap of approximately $5.6 trillion between two of America's most recognizable public companies. The comparison is extreme, but it captures a much broader shift in the U.S. stock market: capital continues flowing toward AI infrastructure while traditional consumer brands struggle with slower growth, weaker international demand and higher operating pressure. The valuation difference is not just hype. Nvidia generated $96.2 billion of revenue in its latest quarter, more than double the year-earlier level, while Data Center revenue surged 117% to $89 billion. Net income reached $59.7 billion in a single quarter. Nvidia is already guiding for roughly $108 billion of revenue next quarter. Nike, by contrast, reported $11.2 billion of quarterly revenue, down 4% year over year, while management acknowledged continued weakness in Greater China, Nike Sportswear and Jordan Brand. That divergence helps explain why AI stocks now dominate the S&P 500, with Nvidia alone recently accounting for more than 8% of the index. Nike shares have fallen to around $33.87, leaving the stock near a 12-year low and down more than 50% over the past year. Coinpaper has already tracked how the decline pushed Nike out of...
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