Nvidia reclaims top market‑cap spot as Apple briefly falls

Nvidia market cap Apple AI chips shareholder meeting

Nvidia Corp.’s market capitalisation is now estimated at roughly $4.7‑$4.8 trillion, putting it ahead of Apple Inc. after the latter’s market value slipped from a brief $5 trillion peak on July 28 to about $4.4‑$4.9 trillion. The shift restored Nvidia to the position of the world’s most valuable public company.

The company will hold its shareholder meeting on Aug 26, when it also reports fiscal‑2027 second‑quarter earnings. Analysts note that Nvidia’s AI‑focused Blackwell and Vera Rubin chips are in production, with a reported backlog that could extend up to a year. Technical analysts highlight a key support zone between $190 and $195 per share; a break below could drive the price toward $170.

Nvidia is also negotiating a financing arrangement of up to $250 billion with OpenAI for a U.S. data‑center project, while major cloud providers such as Microsoft, Amazon, Alphabet and Meta plan to spend roughly $2.4 trillion on AI infrastructure, reinforcing demand for Nvidia’s GPUs. Institutional investors remain active, with Greenwood Gearhart LLC increasing its stake to $49.1 million after a 5.5 % rise in the first quarter.

Entities

Apple Inc. · Erik Juffermans · Greenwood Gearhart LLC · Jensen Huang · Nvidia Corp. · Nvidia Corporation · Nvidia stock · OpenAI · Tim Cook

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Apple briefly reached a $5 trillion market capitalization on July 28, 2026. cryptobriefing.com
[○ 1 SOURCE] Analysts describe Nvidia stock as potentially undervalued and a “trade of the decade.” www.archynetys.com
[○ 1 SOURCE] Technical analysis identified a crucial support zone for Nvidia between $190 and $195; a break below could push the price toward $170. newsbit.nl
[○ 1 SOURCE] Nvidia shares traded near $196.91–$197.63 after a double‑bottom pattern was confirmed. www.tradingview.com
[○ 1 SOURCE] Apple’s market cap fell to about $4.41 trillion after earnings disappointment. www.latercera.com
[DISPUTED] Nvidia’s market cap is around $4.7 trillion, making it the world’s most valuable company after Apple’s drop. www.latercera.com
[○ 1 SOURCE] Greenwood Gearhart LLC increased its Nvidia holdings to 281,784 shares worth $49.14 million in Q1. www.marketbeat.com
[○ 1 SOURCE] Apple’s shares peaked at $342.89, up 1.8% intraday, before closing near a $4.98‑$4.99 trillion valuation. cryptobriefing.com
[○ 1 SOURCE] Apple briefly reached a $5 trillion market capitalization on July 28. cryptobriefing.com
[○ 1 SOURCE] Nvidia’s market cap rose to about $4.7 trillion, making it the most valuable company. www.latercera.com
[○ 1 SOURCE] Apple’s stock closed at $333.43 on July 28, valuing the company at $4.95 trillion.
[○ 1 SOURCE] Nvidia’s stock rebounded to around $196‑$197 after a double‑bottom pattern. www.tradingview.com