Episode
The $4 Trillion Club: Why Apple, Microsoft, Nvidia, and Google Are Just Getting Started
- Podcast
- The Pomp Letter
- Published
- Nov 25, 2025
- Duration seconds
- 296
- Processing state
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Summary
Today’s Letter is brought to you by The Bitcoin Dolce Visa ! You can now access Italy’s Investor Visa with a €250K equity investment into Bitizenship Italia, a Milan-based Bitcoin startup. Visa approval arrives first, investment happens only after authorization. The company operates with a Bitcoin-aligned treasury, non-custodial L2 staking, and clear redemption windows every 24 months. To date, Bitizenship has facilitated €25M+ in Bitcoin-aligned residency investments. A compliant, Bitcoin-native pathway into one of Europe’s strongest economies. Private placements now open. 1 To investors, Yesterday Google became the fourth company in history to hit a $4 trillion market cap. They join Nvidia, Apple, and Microsoft in this rare club of companies. Nvidia became the first company ever to reach $4 trillion in July of this year, which was quickly followed by Microsoft crossing the same threshold in intraday trading on July 31st. The only problem is that Microsoft closed below $4 trillion that day and the company didn’t surpass the milestone again until last month, which is when they finally closed the trading day above the magic number of $4 trillion. Apple followed closely behind and crossed the milestone in late October. This means we had never seen a single company reach a $4 trillion market cap, but all of a sudden we have four companies that pulled off the accomplishment in the last five months. Welcome to the new world of business and finance. The winners are worth more than you thought and the losers become irrelevant faster than you thought possible. So we must ask ourselves, what is driving the meteoric growth for these large tech companies? There are a few drivers of valuation. First, these companies are producing insane amounts of revenue. * Apple revenue: $416 bi…