Apple ends day as world's most valuable company, passing Nvidia

📰 source: cnbc_topnews · 💼 business

apple passed nvidia on monday as the world's most valuable company for the first time since april 2025. apple shares rose 1% to a market cap of $4.95 trillion, while nvidia fell 5% to $4.77 trillion. nvidia had held the top spot since june 2025.

investors have rewarded apple's cautious stance on ai capex, preferring to rent capacity rather than build, while nvidia's sales are in the third year of ai-driven growth. apple will report earnings on thursday, expected to reveal impacts from the global memory chip shortage that led to price hikes on mac and ipad in june.

why it matters: apple reclaims market cap top spot as investor focus shifts from ai chip spending to cost discipline, with earnings on deck.

source: cnbc_topnews
sentiment: +0.20 · impact: 0.70