Nvidia reclaimed its lead with a $4.9 trillion valuation after Apple briefly surpassed it during trading on July 17.
Apple (AAPL) briefly overtook Nvidia (NVDA) as the world’s most valuable company during trading on July 17, ending the session at $4.89 trillion. Nvidia, which first reached a $4 trillion market cap last year, closed at $4.9 trillion to reclaim the top spot.
Nvidia has led the AI-driven rally, surging over 300% in three years, with revenue jumping 85% to $81 billion in its latest quarter. Apple, less tied to AI growth, has lagged peers but regained momentum recently. Both firms now trade near record highs, with valuations separated by just $10 billion.
The rivalry underscores the dominance of tech giants in global markets, with AI leadership driving Nvidia’s outperformance while Apple’s resilience reflects its diversified revenue streams.