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 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 hit $3 trillion this ...