Apple overtakes Nvidia as world’s most valuable company as it barrels toward $5T - 9to5Mac

What the report says

9to5Mac reported that Apple has again moved ahead of Nvidia to become the world’s most valuable publicly traded company by market capitalization. The outlet said the companies had switched positions once more about 10 days after a prior change in ranking, with Apple’s intraday valuation around $4.944 trillion and still short of the $5 trillion mark.

According to the report, Apple overtook Nvidia during Friday intraday trading after a strong week for AAPL shares, which were described as rising 17 points over that period. 9to5Mac noted that Apple’s market value had already reached the $4.9 trillion range, putting the company close to a symbolic valuation milestone. Nvidia, meanwhile, was identified in the article as having already become the first company to exceed $5 trillion in market capitalization.

The movement follows several record highs for Apple shares, the publisher reported. 9to5Mac also said the stock had briefly declined after Apple introduced unusually large price increases for Macs, iPads and other products, which the article linked to a global RAM shortage, before recovering during the week’s trading.

The valuation shift is notable because it reflects the continuing competition between major technology companies for leadership in public markets. The article also places the development during a major leadership change at Apple: Tim Cook is expected to leave the CEO role after August, with John Ternus set to take over, while Cook remains involved as executive chairman of the board.