Apple Overtakes Nvidia as World's Most Valuable Company

Apple has taken back the crown as the world's most valuable company. On Friday, the same day its foldable iPhone Duo went on sale around the world, the stock climbed to fresh trading highs and pushed the company past Nvidia.

Shares traded above $351 during the session, a new intraday record for Apple. That put its market capitalization at roughly $5.12 trillion. Nvidia, which had held the top spot until now, and Google follow in the ranking.

A launch day that Wall Street likes

The timing is notable. The iPhone Duo, Apple's first foldable iPhone, is priced at $2,000 and reached customers on Friday. Investors appear to be welcoming the arrival of the new device category, even though the price puts it well above Apple's mainstream models.

The article's source material does not tie the rally to a single cause, so it is unclear how much of the move reflects the foldable launch versus broader market sentiment. What is clear is that the record share price and the launch landed on the same day.

Why it matters

Market capitalization rankings at the top of the tech sector have shifted between Apple and Nvidia, and the lead can change quickly with daily price moves. For Apple, regaining first place on a major product day reinforces the narrative that its hardware business still moves the needle, while Nvidia remains close behind as a key benchmark for the AI boom.

For consumers and investors alike, the next signals will be early demand for the iPhone Duo and whether Apple can hold its record levels once launch-day enthusiasm settles.