Apple surpassed Nvidia in market value, reclaiming its spot as the world’s most valuable company

Shares of Nvidia briefly dropped about 3% and its market value dipped to $4.84 trillion in early morning trading, while Apple hovered near a $4.88 trillion market value. Those spots later reversed, and Nvidia closed slightly above Apple.

Apple has surged almost 23% this year, outperforming the market as investors reward its AI agenda and light capital spending model as businesses commit unprecedented capital to the infrastructure buildout.

Meanwhile, Nvidia has gained just 9% and largely sat on the sidelines as Wall Street pivots to the memory chip and infrastructure stage of the data center buildout. That’s benefited memory stocks such as Micron Technology and Sandisk.

Source: https://www.cnbc.com/2026/07/17/apple-nvidia-aapl-nvda-market-cap.html