Apple NASDAQ:AAPL has reclaimed the title of the world's most valuable company, edging past Nvidia NASDAQ:NVDA as investors rotate back toward the iPhone maker's steadier growth story.
Apple's market value reached about $4.87 trillion on Friday, narrowly topping Nvidia's $4.83 trillion. It is the first time Apple has held the No. 1 spot since May 2025.
The move reflects very different momentum. Apple shares are up 10.8% over the past month and 22.4% this year, helped by optimism around its product pipeline, Services business and the rollout of Apple Intelligence.
Apple makes the iPhone, Mac, iPad and wearables, while also running a fast-growing Services ecosystem. Nvidia designs the chips and computing systems powering much of the global AI buildout.
Nvidia, by comparison, has slipped 1.7% over the past month and is up 9.2% in 2026 as investors weigh valuation, competition and near-term chip demand.