Apple surpassed Nvidia in market value on Friday, ending Nvidia's run as the most valuable company. Nvidia shares fell 3%, Apple's market cap hit $4.88 trillion. The rotation to memory chip stocks benefited Micron.
Apple surpassed Nvidia in market value on Friday, reclaiming the title of the world's most valuable company.
Nvidia shares fell more than 3% in early trading, pulling its market capitalization to $4.84 trillion. The NVDA stock page shows the chipmaker's Alpha Score of 71, a Moderate rating.
Apple's market cap reached $4.88 trillion.
The two stocks have taken different paths in 2026. Apple has gained 22% this year, hitting record highs this week as investors cheered its AI strategy and capital spending. Nvidia has risen just 7% this year. Wall Street rotated into memory chip and infrastructure names tied to the next phase of the datacenter buildout, leaving Nvidia on the sidelines. The rotation has boosted stocks such as Micron Technology and Sandisk.
Nvidia had held the most-valuable-company title since June 2025, when it overtook Microsoft. In October, Nvidia became the first company to hit a $5 trillion market cap. Apple crossed $4 trillion for the first time that same month, boosted by strong iPhone sales.
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