Apple dethrones Nvidia as world's most valuable company

Published Jul 17, 02:02 PM UTC

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.