Apple dethrones Nvidia as world's most valuable company, ending the chipmaker's long run at the top
Nvidia shares have underperformed as Wall Street shifts to companies powering the infrastructure AI buildout
Nvidia shares have underperformed as Wall Street shifts to companies powering the infrastructure AI buildout
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.
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.
"This AI boost comes at the right moment, when we think Apple has one of its most innovative product pipelines in place," they wrote.
Meanwhile, Nvidia has gained just 7% and largely sat on the sidelines as Wall Street pivots to the memory chip and infrastructure stage of the data center buildout. That's benefited memory stocks such as Micron Technology and Sandisk .
Nvidia had held the title of world's most valuable company since June 2025, when it surpassed Microsoft . In October, the company became the first to hit a historic $5 trillion market cap.
That same month, Apple crossed a $4 trillion market cap for the first time ever on the heels of strong iPhone sales.
Get this delivered to your inbox, and more info about our products and services.
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
Sinergia Empresarial continuará el seguimiento de esta información sobre apple dethrones Nvidia as world's most valuable company, ending the chipmaker's long run at the top y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
