Apple shares hit a record intraday high of $351.73, lifting its value to about $5.1 trillion and briefly placing it ahead of Nvidia on the day the foldable iPhone Duo reached stores. Nvidia regained the top spot by the close, as Apple slid 0.14% to $347.73 ($5.074 trillion) and Nvidia fell 0.59% to $210.96 ($5.094 trillion), a gap of about $20 billion versus about $42 billion the previous day. The Duo starts at $1,999 and tops out at $3,199; preorders sold out almost immediately and deliveries slid into late January, while in China, where the base model starts near 16,000 yuan, scalpers offered up to 3,000 yuan (about $448) above what buyers paid. The author argues that limited supply will cap Apple's December-quarter sales, and that at 45 times earnings the stock already prices in a drawn-out Duo cycle, while Nvidia is growing faster with data center revenue up 117% and guidance of $108 billion in revenue. The author says the view could change if Apple's upcoming report shows easing Duo supply and steady margins.
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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% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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