Nvidia surpasses Apple to reclaim title as world's most valuable company
Nvidia has overtaken Apple to become the world's most valuable publicly traded company, crossing a $5 trillion market valuation following post-earnings drops in Apple shares.
Nvidia has reclaimed its spot as the world's most valuable company by market capitalization, surpassing Apple as its market value reached approximately $5 trillion on Tuesday.[1][2][3][4][5]
Citing CNBC market data, Decrypt reported that Nvidia shares gained roughly 2.9% on Tuesday morning, lifting its market capitalization to around $5.01 trillion. Over the same period, Apple shares dropped about 1.9% to roughly $4.84 trillion, with market account Watcher.Guru similarly pegging Apple's valuation at $4.85 trillion against Nvidia's $5.0 trillion.[1][5]
The change in market leadership followed a drop of nearly 4% in Apple stock following its recent earnings announcement, according to CoinGecko. Although Apple exceeded Wall Street projections for both revenue and profit, its shares declined after the company cautioned that rising memory chip expenses would erode profit margins during the holiday season.[2]
Key facts
- Nvidia overtook Apple to become the world's most valuable company by market capitalization.
- Nvidia shares climbed approximately 2.9%, lifting its market valuation to about $5.01 trillion, according to Decrypt citing CNBC data.
- Apple's market value stood between $4.84 trillion and $4.85 trillion following share price declines.
- Apple shares fell nearly 4% following its recent earnings report despite beating Wall Street sales and profit estimates.
- Apple warned investors that increasing memory chip costs would compress its profit margins this holiday season.
Sources · 5 sources
- DE
Decrypt@DecryptMediaPost on X ·
Nvidia Tops Apple to Become World's Most Valuable Company at $5 Trillion. Nvidia shares climbed about 2.9% on Tuesday morning, lifting its market value to roughly $5.01 trillion, while Apple fell about 1.9% to around $4.84 trillion, according to CNBC market data. https://t.co/oxfvdd5eJ9
Open source - CO
CoinGecko@coingeckoPost on X ·
JUST IN: $NVDA reclaims its spot as the world's most valuable company after $AAPL slid nearly 4% following its recent earnings report. Apple beat Wall Street's expectations on both sales and profit, but its stock still fell after Apple warned that rising memory chip costs will cut into its profit margins this holiday season.
Open source - EV
Evan@StockMKTNewzPost on X ·
Nvidia $NVDA just reclaimed its spot as the LARGEST COMPANY IN THE WORLD https://t.co/BqHGSwF36T
Open source - SB
Shay Boloor@StockSavvyShayPost on X ·
$NVDA has reclaimed its spot as the world’s most valuable company. https://t.co/8q7XorMNBL
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: Nvidia officially surpasses Apple to become the world's most valuable company by market cap again. $NVDA : $5.0 trillion $AAPL : $4.85 trillion https://t.co/0FQ5NBHaPu
Open source