Apple briefly overtook Nvidia as the most valuable company on Wall Street on Friday, with each worth about $5.1 trillion and a gap of less than 1% at Thursday's close. The move came alongside a record run in Apple's stock and the launch of the $1,999 iPhone Duo, but Nvidia has since moved back ahead. Apple has taken the top spot four times before, and only once did it last, when the DeepSeek scare sank chip stocks in January 2025. Nvidia sits about 11% below its Oct. 6 record close after this month's chip rout, while Apple is up 4%, the only megacap stock in the green. The next test comes Wednesday, when Microsoft and Alphabet, ranked third and fourth at about $3.9 trillion each, report earnings.
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AAPLNvidiaWall Streettech stocks
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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 | 348.32 |
| 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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