Apple overtook Nvidia on Friday to become the world's most valuable company, with a valuation of $4.88 trillion after Nvidia's shares fell 3.5%.
Key facts
- Apple overtook Nvidia on Friday, July 17, 2026, to become the world's most valuable company.
- Apple was last valued at $4.88 trillion, according to the Guardian.
- Nvidia was valued at roughly $4.86 trillion after a 3.5% decline in its shares.
- Nvidia shares have underperformed in 2026 as investors reassess the AI outlook, according to CNBC.
Apple overtook Nvidia on Friday to become the world’s most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence, according to the Guardian.
Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion after a 3.5% decline, the Guardian reported. Al Jazeera similarly noted that Apple regained the world’s top spot with a $4.88 trillion valuation, overtaking Nvidia as the chipmaker saw a 3.5% drop in market value.
The shift ends Nvidia’s long run at the top of the corporate rankings. According to CNBC, Nvidia shares have underperformed in 2026 as Wall Street shifts to companies powering the infrastructure behind the AI buildout.
The change in the pecking order illustrates that investors are reassessing their outlook for artificial intelligence, the Guardian reported. The move places Apple back at the head of the list of the world’s biggest companies after a period in which Nvidia held the distinction.
Both companies remain valued at close to $5 trillion, with only a narrow margin separating them. Apple’s steady share performance, combined with Nvidia’s 3.5% decline, was enough to reorder the two at the top.
Why it matters
The changing of the guard at the top of the market signals that investors may be growing more cautious about the pace and payoff of the AI boom that propelled Nvidia's rise. Which company sits at number one is closely watched as a barometer of where Wall Street sees the most durable value in technology.
Frequently asked questions
How much is Apple worth now?
Apple was last valued at $4.88 trillion, according to the Guardian and Al Jazeera.
Why did Nvidia lose the top spot?
Nvidia's shares fell 3.5%, bringing its valuation to roughly $4.86 trillion. CNBC reports Nvidia shares have underperformed in 2026 as investors shift toward companies powering AI infrastructure.
When did Apple overtake Nvidia?
Apple overtook Nvidia on Friday, July 17, 2026, according to the Guardian.