Despite mixed reviews of Apple's new foldable Duo smartphone, Apple's stock is still drawing investor support, with a market cap of $5.08 trillion, less than 1% below Nvidia's $5.12 trillion. Nvidia has been the world's most valuable company for more than two years, but its shares are down 7.3% over the past month as investors question the health of the AI trade, while Apple is up 2.5%. The article describes Apple as a more defensive play given its focus on hardware. On the same Thursday, the Nasdaq Composite fell nearly 2.6%, its worst single-day drop since June, after Meta posted negative free cash flow for the first time since 2012 amid heavy AI spending. Dan Ives, partner at Yorkville Ives, said about 375 million iPhones have not been upgraded in over 4 years, which he believes will keep Duo demand high well into 2027.
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NVDAAAPLvaluationAI investmentNasdaq
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/22/2026 | 348.22 |
| Change that session | +1.23% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.21 |
| Change that session | -4.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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