{"slug": "apple-overtakes-nvidia-to-reclaim-the-title-of-worlds-most-valuable-company-at-4", "title": "Apple overtakes Nvidia to reclaim the title of world’s most valuable company at $4.88 trillion", "summary": "Apple overtook Nvidia to become the world's most valuable company at $4.88 trillion, as Nvidia fell 3.5% to $4.86 trillion. The shift reflects investors broadening their AI focus beyond chipmakers, with Apple's strategy of integrating others' AI models proving commercially viable. The semiconductor index has fallen 19% from highs as the AI trade undergoes reassessment.", "body_md": "#### TL;DR\n\n*Apple ($4.88T) overtook Nvidia ($4.86T) as the world’s most valuable company for the first time since April 2025. Nvidia fell 3.5%. The AI trade is broadening.*\n\nNvidia held the crown for nearly a year after becoming the first company to pass $5 trillion. The chip index is down 19% from its highs as investors reassess AI.\n\n*Apple ($4.88T) overtook Nvidia ($4.86T) as the world’s most valuable company for the first time since April 2025. Nvidia fell 3.5%. The AI trade is broadening.*\n\n[Apple overtook Nvidia on Friday to become the world’s most valuable company](https://www.theguardian.com/technology/2026/jul/17/apple-nvidia-most-valuable-company) for the first time since April 2025. Apple closed at roughly $4.88 trillion as its shares held steady, while Nvidia fell 3.5% to approximately $4.86 trillion. Nvidia had held the top spot for nearly a year after becoming the first company to surpass $5 trillion in October.\n\nThe shift reflects investors broadening their AI focus beyond the most obvious beneficiaries. “*Apple was seen as a laggard in the AI race because it wasn’t spending to develop models, but now sentiment has changed,*” said Toni Meadows of BRI Wealth Management. Apple rolled out its long-delayed Siri overhaul last month, and CEO Tim Cook is preparing to hand the role to hardware veteran John Ternus in September. [Apple posted its best quarter ever](https://thenextweb.com/news/apple-record-quarter-cook-ternus-ai-strategy) by not building an AI model, proving that the strategy of integrating others’ models rather than training its own can work commercially.\n\nThe semiconductor index has fallen nearly 19% from its all-time highs as investors reassess the sustainability of the AI trade. The bigger winners this year have been memory chipmakers: Micron crossed $1 trillion in May, and SK Hynix listed on the Nasdaq earlier this month. “*The new entrants to the market could spread out the focus away from the pure Magnificent Seven names into a wider number of names,*” said Benjamin Hall of Segal Marco Advisors.\n\nThe reshuffling does not necessarily signal a lasting change. Nvidia’s GPUs still power the majority of AI infrastructure, and the company could reclaim the top spot if sentiment shifts. [Memory makers like Micron are signing multi-year AI supply deals](https://thenextweb.com/news/micron-and-anthropic-sign-a-multi-year-ai-memory-supply-deal) that position them as long-term beneficiaries alongside Nvidia rather than replacements. Apple’s position is also delicate: the company has raised prices to offset costs from the memory shortage and tariffs, a strategy that could hurt demand if consumers pull back.\n\nGet the most important tech news in your inbox each week.", "url": "https://wpnews.pro/news/apple-overtakes-nvidia-to-reclaim-the-title-of-worlds-most-valuable-company-at-4", "canonical_source": "https://thenextweb.com/news/apple-overtakes-nvidia-most-valuable-company", "published_at": "2026-07-17 20:13:19+00:00", "updated_at": "2026-07-17 20:28:09.229862+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-chips"], "entities": ["Apple", "Nvidia", "Micron", "SK Hynix", "BRI Wealth Management", "Segal Marco Advisors", "Tim Cook", "John Ternus"], "alternates": {"html": "https://wpnews.pro/news/apple-overtakes-nvidia-to-reclaim-the-title-of-worlds-most-valuable-company-at-4", "markdown": "https://wpnews.pro/news/apple-overtakes-nvidia-to-reclaim-the-title-of-worlds-most-valuable-company-at-4.md", "text": "https://wpnews.pro/news/apple-overtakes-nvidia-to-reclaim-the-title-of-worlds-most-valuable-company-at-4.txt", "jsonld": "https://wpnews.pro/news/apple-overtakes-nvidia-to-reclaim-the-title-of-worlds-most-valuable-company-at-4.jsonld"}}