Apple Hits $4.90 Trillion, Closing In on Nvidia's Crown

Apple's market cap reached $4.90 trillion on July 17, 2026, per Reuters — potentially surpassing Nvidia, which sat near $4.7 trillion as of July 8. Just two weeks earlier, the gap was roughly $190 billion, or 4%. A single earnings cycle or shift in AI spending expectations could flip the No. 1 ranking.