Apple unseats Nvidia to become world's most valuable company as AI bets shift
Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, following a 3.5% decline

Tech · 10 updates
Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, following a 3.5% decline
Apple’s market value briefly topped $5 trillion for the first time on Tuesday, making it the second only company to reach the milestone after Nvidia, according to a Reuters report.Shares climbed as high as $342.89, lifting Apple’s valuation to $5.036 trillion. The stock later pared gains, and was trading 0.2% higher at $337.70, giving the company a market capitalisation of about $4.96 trillion.Apple became the world’s most valuable company earlier this month, overtaking Nvidia, which had held the top spot since June 2025 and was the first company to cross the $5 trillion mark.Apple’s rally thi
Apple became the most valuable company in the world earlier this month, overtaking chipmaker Nvidia
Apple's market value briefly exceeded five trillion dollars on Tuesday. This milestone was achieved after the company regained its position as the world's most valuable public company. Unlike rivals, Apple rents AI infrastructure, preserving its strong cash flow. This strategy contrasts with competitors facing increased debt and negative free cash flow. Apple's stock has seen significant gains this year, outperforming Nvidia.
Apple on Tuesday also launched a device leasing program in the US
Driving Apple’s results was a 21.7% increase in iPhone sales to $54.25 billion, above analysts’ estimates of $53.86 billion, according to LSEG data
Overall, the global smartphone revenue went up 7% year-over-year (YoY) in Q2 2026 due to rising average selling prices and premiumisation