Apple is the world’s most valuable company again. Will it stay that way before the end of July?
Nvidia, now the second-most valuable company on Earth, fell to around 22%, and the market has attracted about $4.7 million in total trading volume.
At Tuesday’s close, Apple was valued at approximately $4.995 trillion, compared with Nvidia’s $4.768 trillion. That gives the iPhone maker a lead of roughly $227 billion.
That is a lot of money. It is also small enough to disappear during one ugly trading session.
Apple spent the past two years being mocked for arriving late to artificial intelligence. Suddenly, not writing blank checks for giant GPU farms looks less like incompetence and more like risk management.
Nvidia sits at the center of that spending cycle. Its shares fell as investors questioned reports that the chipmaker could provide a roughly $250 billion financial backstop for an OpenAI data-center project, adding to concerns that AI companies are increasingly financing their own customers.
That strategy was previously treated as proof that Apple had lost the AI race. This week, it looks cheaper.
Apple will report fiscal third-quarter results on July 30 at 5 p.m. Eastern time. Polymarket’s contract resolves based on which company has the largest market capitalization at the July 31 market close.
