Apple's market value edged past Nvidia's as concerns over returns from heavy AI infrastructure spending weighed on technology stocks, while the iPhone maker's shares have gained 27 per cent in 2026
Apple's market value edged past Nvidia's as concerns over returns from heavy AI infrastructure spending weighed on technology stocks, while the iPhone maker's shares have gained 27 per cent in 2026
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Shares of Apple fell 1.2% on Friday, resulting in a market capitalization of $5.03 trillion, while Nvidia sank 4.2% to close with a valuation of $4.93 trillion. This is the first time Apple has overtaken Nvidia since briefly doing so in late July.
Apple's market capitalisation climbed to roughly $4.94 trillion, putting it ahead of Nvidia as the iPhone maker's relatively conservative AI spending strategy gains favour among investors.
