FeesSafety
Pluang+

Apple briefly surpasses Nvidia as world's most valuable company on foldable iPhone launch day

Market News
24 Oct 2026
24/7 Wall Street
View Source
Bullish
Apple briefly surpasses Nvidia as world's most valuable company on foldable iPhone launch day

Apple's stock hit a record high on the launch day of its foldable iPhone Duo, briefly making it the world's most valuable company with a market cap of about $5.1 trillion, surpassing Nvidia. Despite strong demand and sold-out preorders, limited supply may cap revenue growth this holiday quarter. Nvidia, growing faster with a lower price-to-earnings ratio, reclaimed the top spot by market close. Apple's upcoming earnings report on November 2 will be crucial to assess if supply constraints ease and margins hold, while Nvidia reports later in November with strong growth expectations.

Apple's market cap on Pluang stands at $5.07 trillion as of Oct 24, 2026 18:21 WIB, slightly below Nvidia's $5.09 trillion, reflecting the brief shift in market value mentioned in the news. Despite Apple's stock price dipping 0.14% to USD 347.73, Nvidia's price fell more sharply by 0.57% to USD 211.01 on the same day. Pluang data also shows a higher sell activity for Apple at 83% compared to Nvidia's 28%, indicating differing investor sentiment during this volatile period.

More News (AAPL)

Apple's $1,999 foldable iPhone praised for design but criticized for bulk, camera, app issues, and screen cracking risks.

Apple's $1,999 foldable iPhone praised for design but criticized for bulk, camera, app issues, and screen cracking risks.

Apple launched its first foldable iPhone, the $1,999 iPhone Duo, receiving praise for its sleek titanium design, smooth hinge, and reduced screen glare. However, critics highlight its heavy and bulky build, visible screen crease, camera compromises, ...

Market News
Neutral
19 hours ago
Apple stock up 28% in 2026, matching tech sector gains, driven by strong iPhone Duo demand.

Apple stock up 28% in 2026, matching tech sector gains, driven by strong iPhone Duo demand.

Apple's stock has risen 28% this year, matching the overall technology sector and outperforming rivals Microsoft and Alphabet. This surge is largely fueled by strong early demand for the new iPhone Duo, which has also boosted Apple's growing services...

Market News
Bullish
21 hours ago
Qualcomm seen as an AI growth sleeper with 25% upside as data center and automotive revenues surge.

Qualcomm seen as an AI growth sleeper with 25% upside as data center and automotive revenues surge.

Qualcomm is currently undervalued by the market, which still views it mainly as a handset maker despite its growing AI and automotive businesses. The company reported a 61% increase in automotive revenue and expects significant revenue from hyperscal...

Analyst Insights
Bullish
1 day ago
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 day ago
Apple nears Nvidia as the world's most valuable company, just $42B behind after sector selloff.

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 significant...

Market News
Neutral
1 day ago
banner-footerbanner-footer

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