Apple overtakes Nvidia as world's most valuable company
Apple
and Nvidia
battled it out on Friday for the title of world’s most valuable company, with the iPhone maker briefly topping the long-time leader in market value.
Shares of Nvidia briefly dropped about 3% and its market value dipped to $4.84 trillion in early morning trading, while Apple hovered near a $4.88 trillion market value. Those spots later reversed.
The two companies have had very different fortunes in 2026.
Apple has surged 22% this year, outperforming the market as investors reward its AI agenda and light capital spending model as businesses commit unprecedented capital to the infrastructure buildout.
Shares also hit fresh highs this week and HSBC upgraded the stock to a buy rating, citing new AI capabilities and a strong product pipeline.
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