Apple unseats Nvidia from the top spot to become the world’s most valuable company
Apple has overtaken Nvidia to reclaim the title of the world’s most valuable publicly traded company, ending a reign that Nvidia built almost entirely on the back of insatiable demand for AI chips.
The two companies had been running neck and neck for weeks. In mid-July 2026, the gap between them narrowed to roughly $20 billion on certain trading days.
The decisive swing came on July 3, when Apple shares jumped nearly 5% after reports surfaced about an expanded iPhone lineup. Nvidia, meanwhile, faced selling pressure as sentiment across the broader chip sector softened.
