Apple has once again crowned itself as the most valuable company on the planet. The company co-founded by Steve Jobs took the title from Nvidia, ending nearly a year of stock market dominance by the chip giant and reshuffling the hierarchy of the big tech companies.
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Apple’s valuation is around 4.88 trillion dollars this Friday, while Nvidia fell to 4.86 trillion after suffering a 3.5% drop on Wall Street. Apple thus regains the top position for the first time since April 2025, when Nvidia took the throne.
The overtaking reflects a change in market perception. Over the past two years, Nvidia had been the big beneficiary of the rise of generative artificial intelligence thanks to massive demand for its processors. However, investors are beginning to question whether the pace of investment in AI infrastructure can be maintained indefinitely.
Apple shares have gained 23% so far this year, the best performance among the so-called Magnificent Seven. The rise also comes in the final stretch of Tim Cook, who will leave the CEO position in September to hand over to John Ternus. The recovery of the stock market throne reinforces Cook’s image as the executive who not only turned Apple into a profit-generating machine but also managed to reposition it in the most important technological race of the decade.
