Nvidia rose 2.29% to $206.69 on Tuesday, giving it a market value of $4.99 trillion and returning it to the top spot ahead of Apple, which fell 1.90% to $331.90 for a $4.84 trillion valuation. Nvidia’s lead is about $149 billion, well ahead of Microsoft at $3.87 trillion and Alphabet at $3.44 trillion. The article links rising AI-driven memory prices to Apple’s margins, which Apple guided to 45% to 46% for the December quarter, versus 47.9% in the quarter just reported, with roughly one point of that quarter’s margin from tariff refunds that will not recur. Nvidia guided fiscal third-quarter revenue to $108 billion, plus or minus 2%, and reports on November 17.
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NVDAAAPLartificial intelligencesemiconductors
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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 | $5.1T |
| Close on 11/03/2026 | 331.74 |
| Change that session | -1.94% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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