• 2 min read
Apple retakes top spot as Nvidia hits $5T first
Apple has reclaimed the top market-cap spot from Nvidia and has already touched a $4.9 trillion valuation ahead of a CEO handoff.
Image: 9to5Mac
Apple has reclaimed the title of the world’s most valuable company by market cap, overtaking Nvidia during intraday trading on Friday after its stock rose 17 points this week. The move puts Apple back on top even though Nvidia was the first company to cross the $5 trillion threshold.
Apple is now closing in on that same milestone. Its stock has already touched a $4.9 trillion valuation, extending a run of record highs over several days. The company had briefly traded lower after what the source describes as unprecedented price increases on Macs, iPads, and other products tied to the ongoing global RAM shortage, but the stock recovered over the course of the week.
The next major marker is clear: $5 trillion. Apple is heading toward it while also managing a leadership change. Earlier this year, the company officially announced a CEO transition from Tim Cook to John Ternus. August will be Cook’s last month as Apple CEO, after which he will remain executive chairman 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
