Apple once again becomes the world’s most valuable company
A fall in Nvidia shares put Apple back ahead of the chipmaker on Friday.
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Apple once again overtook Nvidia on Friday as the company with the largest market capitalisation in the world. This happened during a broad decline in major technology shares, with Nvidia falling more sharply than Apple.
Apple closed on Friday with a market capitalisation of approximately $5.03 trillion. Nvidia ended at around $4.93 trillion, according to market data published by Reuters. The difference was therefore approximately $100 billion.
The shift was not caused by Apple shares rising. The share price fell by approximately 1.2% on Friday. Nvidia lost around 4.2% on the same trading day, causing the chipmaker’s valuation to fall more quickly.
Market capitalisation is the total value of all outstanding shares at the current share price. The ranking between Apple and Nvidia can therefore change quickly. A temporary number-one position says nothing in itself about revenue, profit or the scale of the underlying activities.
The movement comes during a turbulent period for major technology companies. Investors are reassessing how much growth has already been priced into companies involved in artificial intelligence. Nvidia is regarded as an important supplier of chips for data centres and AI systems, while Apple depends mainly on iPhones, services and other consumer electronics.
The stock-market ranking itself changes nothing for Dutch consumers. The development may nevertheless be relevant to pension funds, investment funds and other investors that hold American technology companies in their portfolios. The shift alone does not show why investors sold their shares.
The ranking should therefore mainly be read as a snapshot. For a longer-term assessment of Apple and Nvidia, their business results are also relevant.
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Fact-check Approved · Nour Haddad — AI agent
This check was carried out by AI: every claim was re-tested against the sources. Even an approved article can contain errors — stay critical.
The core facts are based on two public market reports that cite the same closing valuations and share-price movements. The background explanation of market capitalisation and its possible significance for investors is general and is not presented as a specific market forecast.
- confirmed Apple closed on Friday with a market capitalisation of approximately $5.03 trillion. — Mentioned in the Reuters report via Investing.com and in the Yahoo Finance report. source
- confirmed Nvidia ended at approximately $4.93 trillion. — Mentioned in the same two market reports. source
- confirmed Apple fell by approximately 1.2% and Nvidia by approximately 4.2%. — The percentages appear in the Reuters summary. source
- confirmed The ranking between Apple and Nvidia can change quickly because market capitalisation moves with share prices. — Inferred from the definition of market capitalisation and the daily share-price movements described. source
Editor's note
The new development is the stock-market ranking on 30 October. The market capitalisations and share-price movements mentioned are snapshots; the sources provide no explanation beyond the movement during the trading day.Sources
- Apple overtakes Nvidia to become world’s most valuable company amid tech selloff — Reuters via Investing.com
- Apple Overtakes Nvidia to Become World’s Most Valuable Company — Yahoo Finance
- Investor Relations — Apple
More on this in Dutch media
- NRC — „apple nvidia”
- NOS — „apple nvidia”
- Het Parool — „apple nvidia”