Apple is challenging NVIDIA for the title of world's most valuable company, fueled by strong iPhone demand, though NVIDIA's significantly faster revenue growth remains a major hurdle for a sustained lead.
Apple Inc. is closing the valuation gap with NVIDIA, as strong iPhone launch momentum drives a 6% rally in its shares since September. While Apple's market cap has reached $4.98 trillion, NVIDIA remains the leader at $5.50 trillion despite a period of stagnation. Investors are weighing Apple's current market momentum against NVIDIA's superior 80% annual revenue growth.
Apple's recent gains are driven by strong demand for its new premium iPhone lineup and the introduction of its first foldable model, which have led analysts to raise price targets.
NVIDIA's stock has plateaued due to investor caution regarding the long-term sustainability of AI infrastructure spending, potential margin compression, and ongoing Chinese export restrictions.