- Apple surpassed Nvidia in market value, reclaiming its spot as the world‘s most valuable company.
- Apple has outperformed the AI chipmaker in 2026 as investors reward it AI spending plans.
- Nvidia held the title of world’s most valuable company since June 2025, when it surpassed Microsoft.
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Apple surpassed Nvidia in market value on Friday to reclaim its spot as the world’s most valuable company
Shares of Nvidia dropped more than 3% and its market value dipped to $4.84 trillion in early morning trading. Apple last traded at a $4.88 trillion market value
The two companies have had very different fortunes in 2026
The iPhone maker has surged 22% this year, outperforming the market as investors reward its AI agenda and capital spending model. Shares also hit fresh highs this week
Meanwhile, the leading AI chipmaker, has gained just 7% and largely sat on sidelines as Wall Street pivots to the memory chip and infrastructure stage of the datacenter buildout. That’s benefitted chipmaking stocks such as Micron Technology and Sandisk
Nvidia has held the title of world’s most valuable company since June 2025, when it surpassed Microsoft. In October, the company became the first to hit a historic $5 trillion market cap
That same month, Apple crossed a $4 trillion market cap for the first time ever on the heels of strong iPhone sales
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