Apple has joined the $5 trillion market-cap club after recent stock gains, while Nvidia remains slightly larger at $5.13 trillion. The author expects Apple to reach $10 trillion first, arguing it is a lifestyle brand with strong customer loyalty: iPhone owners account for about half of Apple's sales, 87% of current iPhone owners say their next smartphone will also be an iPhone, and Apple-made devices in use reached a record 2.5 billion. Nvidia trades at about 14 times next year's expected profit of $15.91 per share, which may reflect a headwind in its AI business, since data centers account for roughly 90% of its revenue and competitors such as AMD and Qualcomm are rising. The article notes that either company could reach the milestone first and that both can perform well.
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AAPLNvidiavaluationartificial intelligence
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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 10/23/2026 | 347.73 |
| Change that session | -0.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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