Apple Reclaims Title as World's Most Valuable Company From Nvidia
WHO:
Fast Company - Apple Inc. (Nasdaq: AAPL) is the company that reclaimed the title.
Fast Company - Nvidia Corporation (Nasdaq: NVDA) was the previous holder of the title.
Fast Company - Microsoft Corporation (Nasdaq: MSFT) is another company in the "Magnificent 7" group.
Fast Company - Other companies in the "Magnificent 7" include Alphabet Inc. (Nasdaq: GOOG), Meta Platforms, Inc. (Nasdaq: META), Amazon.com, Inc. (Nasdaq: AMZN), and Tesla, Inc. (Nasdaq: TSLA).
Fast Company - Craig Federighi is Apple’s senior vice president of software engineering.
WHAT:
The Guardian - Apple’s shares hit a session high of $342.89, giving it a market capitalization of $5.04 trillion before easing back to around the $4.99 trillion mark.
The Guardian - Apple’s stock has jumped 24% so far this year, outperforming the other six companies in the "Magnificent Seven."
The Guardian - Analysts expect a more than 15% jump in revenue for Apple’s third-quarter earnings compared to the previous year.
Bloomberg Markets - Apple Inc. became just the second company ever to achieve a $5 trillion market valuation.
Fast Company - Apple became the world’s most valuable publicly traded company with a market cap of $4.95 trillion.
Fast Company - Nvidia's market cap fell to $4.77 trillion after a 4.99% drop in shares.
Fast Company - Apple’s shares increased by 1.17%.
Fast Company - Apple is up 23.93% year-to-date (YTD).
Fast Company - Microsoft is down 19.54% YTD.
Fast Company - Apple lost the No. 1 spot to Microsoft in 2024.
Techmeme - Apple closed at a $4.9 trillion market cap on the same day it overtook Nvidia.
WHERE:
Fast Company - The companies mentioned are publicly traded, indicating they operate in the stock market.
WHEN:
Fast Company - Apple is expected to publish its 2026 third-quarter earnings report on Thursday.
WHY:
Fast Company - Apple’s cautious approach to AI investment may attract investors, contrasting with other tech giants.
Fast Company - Alphabet raised its 2026 capital expenditure forecast to over $200 billion, while Apple is expected to spend about $13 or $14 billion.
HOW:
The Guardian - Apple launched a device leasing program in the US through Klarna, with monthly payments starting at $17.99 for an iPhone, $11.99 for an Apple Watch or iPad, and $24.99 for a Mac.
Fast Company - Apple utilizes Google’s AI models and cloud computing services instead of developing its own.
(UPDATED July 28, 2026 19:28 UTC)
Apple's shares reached a session high of $342.89, pushing its market capitalization to $5.04 trillion before settling around $4.99 trillion. The company's stock has surged 24% this year, outperforming the other six members of the "Magnificent Seven," and analysts are predicting a revenue increase of more than 15% for Apple's third-quarter earnings compared to last year. In a move to attract more customers, Apple has launched a device leasing program in the U.S. through Klarna, offering monthly payments starting at $17.99 for an iPhone and $11.99 for an Apple Watch or iPad.
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(UPDATED July 28, 2026 15:51 UTC)
Apple Inc. has made history by becoming just the second company ever to reach a staggering $5 trillion market valuation. This milestone highlights the tech giant's significant influence and success in the market. Investors and analysts are closely watching how this achievement will impact the company's future growth and strategies.
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(UPDATED July 28, 2026 14:50 UTC)
Apple has reclaimed its title as the world's most valuable publicly traded company, boasting a market cap of $4.95 trillion, while Nvidia's market cap has dipped to $4.77 trillion following a nearly five percent drop in shares. As Apple prepares to release its third-quarter earnings report on Thursday, its shares have risen by 1.17% and are up nearly 24% year-to-date, contrasting with Microsoft, which is down over 19% this year. Apple's strategy of using Google’s AI models and cloud services, along with its cautious investment in AI, may be appealing to investors, especially as it plans to spend around $13 to $14 billion compared to Alphabet's forecast of over $200 billion in capital expenditures for 2026.