Apple’s stock surge closes the gap with Nvidia, requiring less than 1% gain to reclaim the top spot by market value.
Apple’s market capitalization reached $4.89 trillion, just $20 billion behind Nvidia’s $4.91 trillion, as investor sentiment shifts. The narrowing gap follows a 12% rise in Apple stock over the past month, while Nvidia declined 4%.
Apple’s resurgence contrasts with its underperformance last year, driven by strong iPhone sales and strategic AI partnerships. Nvidia’s decline reflects market concerns over hyperscaler AI spending and shifting investor priorities.
The minimal difference suggests Apple could overtake Nvidia imminently if current trends persist.