Nvidia reclaims world’s most valuable company title from Apple on election day
Nvidia’s shares jumped 2.29% to $206.69 on Tuesday, lifting its market value to $4.99 trillion and pushing it ahead of Apple, which slipped 1.90% to $331.90 and fell to a $4.84 trillion valuation. The lead of about $149 billion is modest compared with the larger gaps to Microsoft’s $3.87 trillion and Alphabet’s $3.44 trillion market caps.
Key points
- Nvidia rose 2.29% to $206.69, giving it a $4.99 trillion market cap, overtaking Apple’s $4.84 trillion valuation
- Apple guided December‑quarter gross margin to 45%‑46%, down from 47.9% in the prior quarter
- AMD posted record $8.5 billion data‑center revenue, up 97%, highlighting AI‑driven demand
Apple’s chief executive John Ternus warned that memory pricing is “unprecedented,” and the company guided its December‑quarter gross margin to 45%‑46%, down from 47.9% in the prior quarter, noting that a one‑point margin boost from tariff refunds will not repeat. The firm has already raised prices on Macs, iPads and iPhones, and added Siri AI cloud‑inference costs, suggesting margin pressure could linger past the holidays. Meanwhile, AMD reported a record $8.5 billion data‑center revenue, up 97%, underscoring the AI‑driven demand that helped Nvidia regain the top spot.
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Nvidia Took Back the World’s Biggest Company Title From Apple on Election Day
finance.yahoo.com · 4 November 2026Loading the full article…
This text was published by finance.yahoo.com and written by Omor Ibne Ehsan. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
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