• 2 min read
Apple Retakes Top Spot as $5T Valuation Nears
Apple has overtaken Nvidia as the world’s most valuable company and is nearing a $5 trillion market cap ahead of Tim Cook’s CEO exit.
Image: 9to5Mac
Apple has reclaimed the title of the world’s most valuable company by market capitalization, overtaking Nvidia during intraday trading on Friday. Apple’s stock is up 17 points this week, following several days of record highs.
The company is also approaching a $5 trillion valuation. Its market capitalization has already touched $4.9 trillion, while Nvidia holds the distinction of being the first company to cross the $5 trillion threshold.
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Apple briefly traded lower after announcing unprecedented price increases for Macs, iPads, and other products amid the ongoing global RAM shortage. The stock more than recovered over the following week of trading, putting the $5 trillion milestone within reach.
Apple is also preparing for a leadership change from Tim Cook to John Ternus, announced officially earlier this year. August will be Cook’s final month as CEO; he will remain with Apple as executive chairman of the board.
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
