Apple Is About 4% Away From Overtaking Nvidia as the World's Most Valuable Company. Could It Happen This Month?
Yahoo Finance ·
Nvidia ( NVDA 1.39% ) currently holds the title of the world's most valuable company, and Apple ( AAPL +4.88% ) is close again. As of this writing, Nvidia carries a market capitalization of about $4.7 trillion, some $190 billion -- or about 4% -- ahead of Apple at about $4.5 trillion. Apple closed much of the gap on Thursday, jumping nearly 5% on reports of an expanded iPhone lineup, while Nvidia slipped alongside a broader sell-off in chip stocks. So, could Apple retake the crown this month? Here's how the two sides stack up. As far as its business momentum goes, Nvidia is in a class of its own. In its fiscal first quarter of 2027 (the period ended April 26, 2026), revenue rose 85% year over year to $81.6 billion, with data center revenue setting a record at $75.2 billion. The chipmaker trades at about 30 times earnings. The catch for the crown race is timing. Nvidia doesn't report again until late August, so it has no company catalyst this month -- its share price is at the mercy of artificial intelligence (AI) sentiment, which has turned jumpy on worries about how much the AI build-out will cost. That souring mood is exactly what let Apple close the gap.
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