Apple closed October 19 at $342.94, just below its 52-week high of $348.15, while NVIDIA closed at $217.09, about 11% under its peak of $243.37. The two companies are worth about $5.00 trillion and $5.24 trillion, but Apple trades at 37 times forward earnings versus 18 times for NVIDIA, roughly 2.1 times the multiple. Apple’s June-quarter revenue rose 16.36% against 105.85% for NVIDIA’s latest quarter, and analysts expect NVIDIA’s EPS to rise from 9.3124 this fiscal year to 15.9146 next year. Apple’s iPhone revenue grew 22% to $54.3 billion, but management guided September-quarter growth of 9% to 11% and gross margin pressure from memory costs. The author argues Apple carries more risk because its 37 multiple has more room to contract if growth slows, while NVIDIA’s discount reflects doubts about cloud spending, custom chips and China.
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/19/2026 | 342.94 |
| Change that session | -0.15% |
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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