Saad Ullah
Nvidia's meteoric rise is no longer just a tech story — it's now a macroeconomic headline. As of mid-2025, Nvidia (NVDA) accounts for a staggering 4.73% of the MSCI All Country World Index (ACWI), eclipsing even the share of entire countries like Japan, the UK, and China. This historic shift highlights just how deeply one company can impact global equity markets.
Nvidia Overtakes Japan in MSCI ACWI Weighting
Nvidia (NVDA) now commands a record 4.73% of the MSCI All Country World Index (ACWI), which tracks approximately 85% of global equity markets. This remarkable rise means Nvidia alone now outweighs Japan’s 4.65% share — despite Japan being the world’s third-largest stock market.
This moment underscores the growing dominance of Nvidia and AI-focused tech within global portfolios.
Outpacing Major Economies: UK, China, Canada and More
Nvidia’s current weighting in the ACWI surpasses:
- United Kingdom: 3.28%
- China: 2.97%
- Canada: 2.87%
Even more striking, Nvidia’s share is nearly equal to the combined weight of France (2.50%) and Germany (2.32%) — totaling 4.82%.
The chart clearly illustrates Nvidia’s exponential climb starting in 2023, overtaking major national economies in the index by mid-2025.
Saad Ullah
