Apple overtakes Nvidia as world's most valuable company with $4.94 trillion market cap

Published Jul 27, 03:03 PM UTC

Apple reclaimed the title of the world's most valuable public company from Nvidia on July 27, 2026, with a market capitalization of roughly $4.94 trillion compared to Nvidia's $4.83 trillion. Apple shares rose 1% and have climbed over 22% year-to-date, outperforming the Magnificent Seven group. The move is driven by investor confidence in Apple's restrained AI spending strategy, which has allowed it to avoid capital expenditure pitfalls. Yahoo Finance data shows Apple's capex has declined over the past three quarters, contrasting with Alphabet and Tesla, which have increased AI-related spending and seen their stocks fall. Apple is set to report earnings on Thursday, with investors watching for AI developments and the impact of CEO Tim Cook's upcoming transition to executive chairman on September 1, when John Ternus will take over as CEO.