Jessica Karl, Columnist

Nvidia Isn’t Even the Priciest Stock

While Wall Street worries about the lofty valuation of the AI behemoth, Costco and Walmart are flying under the radar.

August 27, 2025 at 8:49 PM UTC

By Jessica Karl

Jessica Karl is a Bloomberg Opinion columnist and author of the Bloomberg Opinion Today newsletter.

Nvidia is a distraction.
Photographer: Michael M. Santiago/Getty Images North America

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Nvidia earnings tend to suck up all the air on Wall Street, and for good reason. With a $4.4 trillion market capitalization, the world’s most valuable company has the power to turbocharge or tank the stock market. That’s a lot of pressure on the leather-clad shoulders of CEO Jensen Huang.