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Apple overtakes Nvidia as world's most valuable company amid AI chip stock decline

Market News
27 Jul 2026
CNBC
View Source
Bullish
Apple overtakes Nvidia as world's most valuable company amid AI chip stock decline

Apple surpassed Nvidia to become the world's most valuable company for the first time since April 2025, with a market cap of $4.95 trillion compared to Nvidia's $4.77 trillion. Nvidia's shares fell 5% due to investor concerns over high AI-related costs, while Apple’s shares rose 1% ahead of its upcoming earnings report. Nvidia had held the top spot since June 2025 and briefly reached a $5 trillion valuation in October. Apple's more cautious approach to AI spending, favoring renting capacity over heavy capital expenditures, has helped it outperform Nvidia and the broader market so far in 2026. Apple is expected to discuss the financial impact of the global AI-driven memory chip shortage in its upcoming earnings, which has led to price increases for some products.

More News (AAPL)

Invest $1,000 in Invesco QQQ ETF this October for AI-driven growth with low fees and strong tech exposure.

Invest $1,000 in Invesco QQQ ETF this October for AI-driven growth with low fees and strong tech exposure.

Invesco QQQ Trust (QQQ) is recommended for a $1,000 investment this October due to its focus on the top 100 non-financial Nasdaq companies, especially tech giants like NVIDIA and Apple. The ETF offers exposure to the AI economy, with nearly 30% in ch...

Market News
Bullish
5 hours ago
Northern Trust's QLC ETF offers quality large-cap exposure but is rated hold due to valuation and concentration risks.

Northern Trust's QLC ETF offers quality large-cap exposure but is rated hold due to valuation and concentration risks.

The Northern Trust US Quality Large Cap ETF (QLC) tracks a multi-factor index focusing on quality, value, and momentum among the 600 largest U.S. companies. It has a heavy concentration in technology, with 36.8% sector weight and top holdings like NV...

Analyst Insights
Neutral
10 hours ago
Apple tightens Mac data access rules for AI agents to protect user privacy.

Apple tightens Mac data access rules for AI agents to protect user privacy.

Apple is updating its Mac operating system to require explicit user consent before AI agents can access full disk data, including files, messages, and browsing history. This change aims to prevent misuse of the "Full Disk Access" feature, which some ...

Market News
Neutral
16 hours ago
Tech earnings soar but investors should check their concentrated tech exposure in retirement funds.

Tech earnings soar but investors should check their concentrated tech exposure in retirement funds.

Tech giants like Nvidia, Microsoft, and Apple continue to report record earnings, supporting a bullish view on the sector. Despite neutral positioning in tech stocks overall, many retirement portfolios may be heavily concentrated in a few large tech ...

Market News
Bullish
3 days ago
Apple plans new M6 MacBook Pro and iMac this fall, with MacBook Air and iPad Pro updates in early 2027.

Apple plans new M6 MacBook Pro and iMac this fall, with MacBook Air and iPad Pro updates in early 2027.

Apple is set to launch new M6-powered devices starting with the 14-inch MacBook Pro and iMac in October or November 2026, featuring performance and efficiency upgrades but limited design changes. The MacBook Air and iPad Pro are expected to receive M...

Market News
Bullish
4 days ago
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