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Apple closes on NVIDIA in race for the top market value spot

Apple’s market cap has risen to about $4.98 trillion, narrowing the gap with NVIDIA to roughly $5.50 trillion after a September iPhone launch.

Reported · Written up by our desk · Sectors

Apple is closing in on NVIDIA again in the race to be the world’s most valuable company, with its market capitalization climbing to about $4.98 trillion.

According to MarketBeat Ratings, Apple shares have gained roughly 6% since the first week of September, while NVIDIA is down about 1.6% over the same period, leaving NVIDIA stalled around $5.50 trillion.

The outlet links Apple’s momentum to its Sept. 9 product launch, which featured new premium iPhones and the company’s first-ever foldable model, driving both pre-release excitement and post-release results.

Meanwhile, MarketBeat Ratings characterizes NVIDIA’s pause as more about investor caution than deteriorating growth, pointing to concerns around the durability of AI infrastructure spending and risks such as margin pressure and Chinese export restrictions.

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