Apple narrows gap with Nvidia as both vie for top spot in trillion‑dollar market cap club

Apple (AAPL) is about 4% behind Nvidia (NVDA) in market value, trailing the chipmaker by roughly $190 billion as Nvidia holds a $4.7 trillion valuation and Apple sits near $4.5 trillion. Apple’s recent 5% stock jump on an expanded iPhone lineup and a rumored foldable model helped close the gap, while Nvidia’s shares fell amid broader chip‑stock sell‑offs linked to AI‑spending concerns.

A broader ranking of companies with market capitalizations above $1 trillion shows Nvidia leading with $5.1 trillion, followed by Alphabet ($4.5 trillion), Apple ($4.4 trillion), Microsoft ($2.9 trillion), SpaceX ($2.8 trillion), Amazon ($2.7 trillion), TSMC ($2.3 trillion), Broadcom ($1.8 trillion), Saudi Aramco ($1.7 trillion) and Tesla ($1.5 trillion). These firms dominate sectors from AI and cloud computing to semiconductor manufacturing and energy.