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Apple dethrones Nvidia as world's most valuable company
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On July 17, 2026, Apple surpassed Nvidia in market value, reclaiming its position as the world's most valuable company. Nvidia shares dropped over 3%, bringing its market cap to $4.84 trillion, while Apple traded at $4.88 trillion. The two companies have diverged in 2026, with Apple surging 22% and Nvidia gaining only about 7%. Wall Street has shifted focus from Nvidia to memory chip and infrastructure companies powering the AI data center buildout, benefiting stocks like Micron Technology and Sandisk. The article notes this is breaking news and may be updated.
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Apple CEO Tim Cook gestures on stage during Apple's annual Worldwide Developers Conference in Cupertino, California, U.S., June 8, 2026. Carlos Barria | Reuters
Apple surpassed Nvidia in market value on Friday, reclaiming its position as the world's most valuable company.
- Nvidia shares dropped more than 3%, bringing its market value to $4.84 trillion in early morning trading.
- Apple last traded at a market value of $4.88 trillion.
The two companies have experienced sharply contrasting fortunes in 2026:
- Apple has surged 22% year-to-date.
- Nvidia has gained approximately 7% over the same period.
The leading AI chipmaker, which rallied sharply following the launch of ChatGPT, has largely remained on the sidelines in 2026 as Wall Street pivots to the memory chip and infrastructure stage of the datacenter buildout. This shift has benefited chipmaking stocks such as Micron Technology and Sandisk.
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US Top News and AnalysisWestern
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Apple surpasses Nvidia as world's most valuable company on July 17, 2026