Nvidia and Apple battle for world’s most valuable company status

Nvidia Apple market capitalization shareholder meeting AI chip backlog

Nvidia Corporation is set to hold its shareholder meeting on Aug. 26, the same day it will report fiscal‑2027 second‑quarter earnings. The company’s shares trade around $200, with analysts highlighting a technical support zone between $190 and $195; a break below could push the price toward $170. Recent market activity shows Nvidia’s market capitalisation at roughly $4.7‑$4.8 trillion, keeping it the world’s most valuable public firm after Apple’s brief dip.

Apple Inc. briefly topped a $5 trillion market‑cap on July 28 before slipping back to the $4.4‑$4.9 trillion range, momentarily overtaking Nvidia. The valuation battle is reflected in broader market moves, with Nvidia’s AI‑chip lines Blackwell and Vera Rubin in production and subject to a possible 12‑month backlog, while Chinese export licences for the H200 chip have been granted but shipments remain near zero. Institutional investors such as Greenwood Gearhart LLC have increased holdings in Nvidia, adding 14,760 shares to total 281,784 shares worth about $49 million.

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

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[○ 1 SOURCE] Apple briefly reached a $5 trillion market capitalization on July 28, 2026. (Apple briefly crossed $5 trillion market cap as Wall Street rewards spending discipline over AI hype)
[○ 1 SOURCE] Analysts describe Nvidia stock as potentially undervalued and a “trade of the decade.” (Why Nvidia (NVDA) Stock Is Bouncing Back Today — why it's trending)
[○ 1 SOURCE] Technical analysis identified a crucial support zone for Nvidia between $190 and $195; a break below could push the price toward $170. (Nvidia koers kan verder stijgen, Newsbit-analist ziet sterk technisch signaal)
[○ 1 SOURCE] Nvidia shares traded near $196.91–$197.63 after a double‑bottom pattern was confirmed. (NVDA Reclaimed 196. 91 - The Double-Bottom Is Working. for NASDAQ:NVDA by virDeStatera)
[○ 1 SOURCE] Apple’s market cap fell to about $4.41 trillion after earnings disappointment. (Nvidia recupera el trono y se convierte en la empresa más valiosa del mundo tras derrumbe de Apple)
[DISPUTED] Nvidia’s market cap is around $4.7 trillion, making it the world’s most valuable company after Apple’s drop. (Nvidia recupera el trono y se convierte en la empresa más valiosa del mundo tras derrumbe de Apple)
[○ 1 SOURCE] Greenwood Gearhart LLC increased its Nvidia holdings to 281,784 shares worth $49.14 million in Q1. (article)
[○ 1 SOURCE] Apple’s shares peaked at $342.89, up 1.8% intraday, before closing near a $4.98‑$4.99 trillion valuation. (Apple briefly crosses $5 trillion market cap as Wall Street rewards spending discipline over AI hype)
[○ 1 SOURCE] Apple briefly reached a $5 trillion market capitalization on July 28. (fa3ebbf6-9962-4b30-8c90-c73f25735db8)
[DISPUTED] Nvidia’s market cap rose to about $4.7 trillion, making it the most valuable company. (2edcf2e6-ab88-47b3-a03a-23a8cec90841)
[○ 1 SOURCE] Apple’s stock closed at $333.43 on July 28, valuing the company at $4.95 trillion. (e630c6a0-5c63-405f-a5e9-1c68e786862e)
[○ 1 SOURCE] Nvidia’s stock rebounded to around $196‑$197 after a double‑bottom pattern. (476dd399-2c19-4868-93c4-bcfd51d2109a)