FeesSafety
Pluang+

Apple nears Nvidia as the world's most valuable company, just $42B behind after sector selloff.

Market News
23 Oct 2026
24/7 Wall Street
View Source
Neutral
Apple nears Nvidia as the world's most valuable company, just $42B behind after sector selloff.

Apple's market value reached a record $5.082 trillion, closing just $42 billion behind Nvidia's $5.124 trillion after Nvidia's shares dropped amid a broad AI chip sector selloff. Apple rose 1.23% while Nvidia fell 4.40%, narrowing the gap significantly from a week ago. The AI chip selloff, driven by concerns over funding despite strong demand, has favored Apple, which has avoided heavy AI spending. Apple's upcoming earnings report on November 2 could determine if it overtakes Nvidia, which reports later in November amid strong revenue growth but a recent price drop.

As of Oct 23, 2026 18:11 WIB, Apple trades just below its 52-week high at USD 347.67, with a market cap of $5.08 trillion on Pluang, slightly behind Nvidia's $5.12 trillion market cap. Nvidia's price at USD 212.90 remains well below its 52-week high of USD 239.27, while Apple is much closer to its peak of USD 348.22. Despite the news of Nvidia's recent drop, on Pluang Nvidia shows a modest 0.33% gain over the day, contrasting with Apple's slight 0.16% decline, highlighting differing investor activity and sentiment between the two tech giants.

More News (AAPL)

Questrade launches pre- and post-market equity options trading for faster reaction to news.

Questrade launches pre- and post-market equity options trading for faster reaction to news.

Questrade now offers pre-market (7:30 am to 9:25 am ET) and post-market (4:00 pm to 4:15 pm ET) trading for equity options on 29 selected stocks and ETFs, including major names like AAPL and TSLA. This allows investors to respond to earnings reports ...

Market News
Bullish
1 hour ago
Meta invests heavily in data centers for AI, while Apple relies on on-device AI processing in iPhones and Macs.

Meta invests heavily in data centers for AI, while Apple relies on on-device AI processing in iPhones and Macs.

Meta is spending over $100 billion on centralized data centers to support its AI-driven ad ranking, resulting in high capital costs and negative free cash flow. In contrast, Apple focuses on on-device AI processing using its iPhones and Macs, which r...

Market News
Neutral
23 hours ago
Apple stock shows 16% upside potential after strong earnings and AI-driven growth prospects.

Apple stock shows 16% upside potential after strong earnings and AI-driven growth prospects.

Apple reported its strongest quarter in years with revenue up 16.4% and EPS beating estimates for the ninth consecutive quarter. Despite some analyst skepticism and risks like memory cost inflation, the company’s new iPhone cycle and Siri AI integrat...

Analyst Insights
Bullish
1 day ago
S&P 500 hits record high but 36% of stocks are in bear territory, signaling late-stage bull market risks.

S&P 500 hits record high but 36% of stocks are in bear territory, signaling late-stage bull market risks.

The S&P 500 index reached a record high of 7,819 on October 6, yet 36% of its stocks were 20% or more below their 52-week highs, indicating significant internal market weakness. Leadership has shifted from high-growth AI and high-beta stocks to more ...

Market News
Bearish
1 day ago
Webull launches extended-hours options trading for select stocks and ETFs to boost trading flexibility.

Webull launches extended-hours options trading for select stocks and ETFs to boost trading flexibility.

Webull has introduced extended-hours trading for select single-stock and ETF options, allowing eligible U.S. customers to trade during pre-market (7:30 a.m. to 9:25 a.m. ET) and post-market (4:00 p.m. to 4:15 p.m. ET) sessions. This move enables trad...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App