Apple tops Nvidia as world's most valuable company at $5.03 trillion
Apple closed October 30 at $344.63 per share, edging past Nvidia's $4.93 trillion valuation, according to AppleInsider.
Apple closed on October 30 at $344.63 per share, giving the company a valuation of $5.03 trillion and returning it to the top spot as the world's most valuable company, according to AppleInsider.
Nvidia finished the same session at $204.64 per share, for a valuation of $4.93 trillion — below Apple's market capitalisation.
Analyst firm Loop Capital said that moving the base iPhone launch from September to early 2027 has left buyers unsure about the timing of their next upgrade.
Apple and Nvidia have traded the top spot for some time, as demand for the iPhone and Apple's Services business competes with spending on AI chips. The company has also had multiple hardware releases and is preparing a transition of the CEO role from Tim Cook to John Ternus.
Quick answers
What was Apple's valuation on October 30?
Apple closed at $344.63 per share on October 30, giving it a $5.03 trillion valuation.
Where did Nvidia finish that day?
Nvidia closed at $204.64 per share, with a valuation of $4.93 trillion.
Why are iPhone buyers unsure, according to Loop Capital?
The firm said moving the base iPhone launch from September to early 2027 has left buyers unsure.