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CNBC
Apple ends day as world's most valuable company, passing Nvidia
Apple's rise to the title of the world's most valuable company, with a market cap of $4.95 trillion, comes at a time when Nvidia's stock fell due to investor concerns over the costs associated with AI expansion projects. Nvidia's market cap dropped to $4.77 trillion amid a broader cooling in AI chip valuations. In contrast, Apple's stock rose 1%, reflecting investor confidence ahead of its upcoming earnings report, where it may address the financial implications of the global memory chip shortage on its products.
MonitorConfidence: HighShort term horizon
Published 27 Jul 2026, 21:55 UTC1 min read
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Summary
TL;DR
- Apple's market cap reaches $4.95 trillion, overtaking Nvidia.
- Nvidia's shares fell 5%, resulting in a valuation of $4.77 trillion.
- Investors are wary of high capital expenditures in the AI industry.
- Apple's stock has increased by 24% in 2026, compared to Nvidia's 4%.
- Apple's upcoming earnings report could address AI-related chip shortages.
Interesting facts
- This marks the first time Apple topped Nvidia since April 2025.
- Nvidia had previously held the title since June 2025.
- Apple's focus on renting AI capacity contrasts with Nvidia's heavy investments.