Nvidia became the first company to reach a $5 trillion market capitalization last year on the back of the AI boom, but its shares have recently been pressured by concerns over AI financing, while Apple has hit record highs and at one point in a recent session passed Nvidia as the most valuable company. Apple's rally is driven by consumer devices, including the foldable iPhone Duo, the HomeView smart home display and a touchscreen MacBook Pro. Apple's fiscal third-quarter revenue rose 16%, and between Oct. 6 and Oct. 23 its market value rose about 4% while Nvidia's fell nearly 12%. Reaching $10 trillion would require Apple's value to climb nearly 100% from about $5.1 trillion today, and the stock trades at about 37 times forward earnings, with analysts expecting roughly 8% earnings growth next year. The author views $10 trillion as a long-term possibility rather than a near-term outcome, and says Nvidia may be just as likely to reach it first.
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AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/29/2026 | 348.94 |
| Change that session | +1.49% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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