Apple closed at a record $348.22 on Thursday, giving it a market value of $5.082 trillion, just $42 billion behind Nvidia at $5.124 trillion, while Nvidia fell 4.40% to $212.21 in an AI chip selloff. The Nasdaq Composite dropped 2.60% and the Philadelphia Semiconductor Index lost 6.7%, and Michael O'Rourke of Jones Trading called it the most widespread selling of the AI trade this year. Year to date, Apple is up 28.44% and Nvidia is up 14.05%. The article notes that the race could hinge on Apple's fiscal fourth-quarter report on November 2, with Apple trading at 45 times earnings, while Nvidia, at 43 times earnings, is expected to report around November 18.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Apple Is Just $42 Billion Away From Passing Nvidia as the World’s Most Valuable Company
Read the original on Yahoo Finance ↗
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AAPLNvidiasemiconductorsvaluation
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/22/2026 | 348.32 |
| Change that session | +1.26% |
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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