Nvidia Corp.’s market capitalization reached $5.4 trillion on Sept. 25, exceeding the Russell 2000’s combined $3.5 trillion value by nearly $2 trillion. Charlie Bilello of Creative Planning highlighted the gap, noting that Nvidia generated approximately $193 billion in profit over the previous year while Russell 2000 companies collectively recorded a $13 billion loss. Nvidia’s scale is also reshaping broad-market portfolios: it represents roughly 8.08% of the Vanguard S&P 500 ETF and about 8.2% of the Invesco QQQ Trust. As market-cap-weighted funds give larger companies greater representation, continued gains in Nvidia and other AI beneficiaries can increase their influence over ETF returns. The Invesco S&P 500 Equal Weight ETF offers a less concentrated alternative. Investor Michael Burry has separately questioned assumptions behind the AI boom, warning that repeated training on synthetic data could cause model collapse and arguing that language alone cannot produce genuine understanding. Companies by Marketcap ranked Nvidia first among 11,341 tracked companies, while its shares retained strong price trends but a poor value score in Benzinga’s Edge Stock Rankings.