The key facts
- Apple has once again become the world's most valuable company, with a capitalization of $5.03 trillion
- Nvidia has slipped to second place with $4.93 trillion
- The shift is explained by growing investor doubts about AI investments
Apple regains the top spot by market capitalization
Apple has overtaken Nvidia and once again become the most valuable company in the world by market capitalization. At the close of trading on Friday, Apple's market value reached $5.03 trillion, while chipmaker Nvidia's capitalization stood at $4.93 trillion. Bloomberg reported the news.
What lies behind the change of leader
The last time Apple was ahead of Nvidia on this metric was in late July, meaning the ranking's leader has now changed for the second time in just a few months — a reflection of the market's instability. Analysts cited by the agency attribute Nvidia's slip to growing investor doubts about investments in artificial intelligence: against this backdrop, Apple's shares look like a more reliable option to them.
Market context
The flow of capital between the leaders is taking place amid an overall redistribution of investor funds. According to Life.ru, since the beginning of 2026 shares of the French luxury companies Hermès and LVMH have fallen by roughly 40% due to a sharp decline in demand for their products in China. For the maker of Birkin and Kelly bags, the current year risks becoming its worst on the stock market since the company went public in 1993.
