Archive · 18 Jul 2026
Apple overtakes Nvidia as most valuable company
Apple has become the world's most valuable company, overtaking Nvidia.
This change happened because investors are looking at different companies beyond those directly involved in AI.
Apple is valued at $4.88 trillion, while Nvidia is at $4.86 trillion.
Apple's CEO, Tim Cook, will soon be replaced by John Ternus.
Apple has also recently improved its virtual assistant, Siri.
Nvidia is still important for AI because its chips are used in many AI technologies.
Both companies are big players in the tech world, and their positions can change based on investor confidence.
Apple overtakes Nvidia to become the world's most valuable company with a market value of $4.88 trillion.
Nvidia's market value is $4.86 trillion after a 3.5% decline.
Apple reclaims the top spot for the first time since April 2025.
Apple is seen as better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades.
Nvidia remains a major beneficiary of AI-related spending, with its graphics processors powering much of the generative AI frenzy.
- Who
- Apple and Nvidia
- What
- Apple overtakes Nvidia as the world's most valuable company
- When
- July 18, 2026
- Where
- Global markets
- Why
- Investors are broadening their focus beyond AI beneficiaries, and Apple is seen as better positioned to monetize AI via services and hardware upgrades.
Apple's Strengths
Nvidia's Strengths
AI Positioning
Apple's Strengths
Apple is seen as better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades.
Nvidia's Strengths
Nvidia remains a major beneficiary of AI-related spending, with its graphics processors powering much of the generative AI frenzy.
Market Valuation
Apple's Strengths
Apple's market valuation reflects confidence in earnings durability rather than speculative AI upside.
Nvidia's Strengths
Nvidia's market valuation is driven by its significant role in the AI boom and its graphics processors.
- Apple's Market Value
- $4.88 trillion
- Nvidia's Market Value
- $4.86 trillion
- Nvidia's Market Valuation Milestone
- First company to surpass $5 trillion in October 2025
- Apple's Last Top Spot
- April 2025
- Apple's CEO Transition
- Tim Cook to be replaced by John Ternus in September 2026
- Siri Upgrade
- Long-delayed overhaul rolled out last month
- Semiconductor Index Performance
- Down almost 19% from all-time highs in July 2026