• 2 min read
Apple retakes top valuation spot from Nvidia
Apple has overtaken Nvidia as the world’s most valuable company and is nearing a $5 trillion market capitalization.
Image: 9to5Mac
Apple has reclaimed its position as the world’s most valuable company by market capitalization, overtaking Nvidia during intraday trading on Friday. Its stock is up 17 points this week, following several days of record highs.
Apple has not yet crossed the $5 trillion market-capitalization threshold, although intraday trading has placed it around $4.944 trillion. The company’s stock has already touched a $4.9 trillion valuation.
Nvidia previously became the first company to pass the $5 trillion mark. Apple’s next milestone is reaching that threshold, after recovering from a brief decline triggered by what the source describes as unprecedented price increases for Macs, iPads, and other products amid the ongoing global RAM shortage.
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Apple’s return to the top comes as the company prepares for a leadership change. Tim Cook’s transition to executive chairman and John Ternus' appointment as CEO were made official earlier this year. August will be Cook’s final month as Apple CEO, though he will remain chair of the board.
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Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
via 9to5Mac
