Nvidia Reclaims No. 1 Spot at $4.9 Trillion as Apple Trails at $4.89 Trillion
Updated
Updated · Fox Business · Jul 21
Nvidia Reclaims No. 1 Spot at $4.9 Trillion as Apple Trails at $4.89 Trillion
3 articles · Updated · Fox Business · Jul 21
Summary
$4.9 trillion put Nvidia back atop global market value rankings by July 17's close, after Apple briefly overtook it during the trading session at $4.89 trillion.
Nvidia's lead rests on AI-fueled growth: quarterly revenue jumped 85% to more than $81 billion, while gross margin has stayed above 70% and a planned stand-alone CPU targets a $200 billion market.
Apple's comeback has been steadier than explosive, with shares up about 70% over three years versus Nvidia's 300%-plus gain, as investors weigh its slower AI rollout against strong iPhone demand and recurring services revenue.
The latest reshuffle underscores how the race for the world's biggest company is now centered on two different bets: Nvidia's AI dominance and Apple's brand-driven, device-and-services cash flow.