On July 17, 2026, Apple and Nvidia were vying for the title of the world's most valuable company, with Apple's market value reaching approximately $4.88 trillion, while Nvidia's dipped to about $4.84 trillion after a brief 3% drop in its shares.
This year, Apple has seen a 22% increase in its stock price, driven by investor enthusiasm for its AI initiatives and capital spending strategy, leading to new share price highs. In contrast, Nvidia's stock has only risen by 7% as the market shifts focus towards memory chip and infrastructure developments, benefiting companies like Micron Technology and Sandisk.
Nvidia had maintained its position as the most valuable company since June 2025, when it surpassed Microsoft, and it was the first company to reach a $5 trillion market cap in October 2025. That same month, Apple also achieved a significant milestone by crossing the $4 trillion market cap, fueled by strong iPhone sales