By Keithen Drury
Publication Date: 2026-09-27 19:45:00
Nvidia (NVDA +0.22%) is the world’s largest company by market cap and has a valuation of about $5.4 trillion. Apple (AAPL +1.53%) is the second-largest at just under $5 trillion. While that may not seem like much of a gap, it’s actually quite large. Mastercard (MA +0.28%) is a $500 billion company, so Apple needs to add an equivalent of a Mastercard to its business to catch up to Nvidia.
That’s a huge size difference, but the world’s largest company doesn’t always hold on to the spot for long. So, is Apple destined to retake the title as the world’s largest company and outperform Nvidia over the next few years? Let’s take a look.
Image source: Getty Images.
Nvidia has a major growth catalyst at its back
Apple’s business is relatively easy to explain: It makes consumer hardware and offers a handful of services to support that hardware, creating an ecosystem that fuels its operations. Apple’s largest business segment is the iPhone, which accounted for $54 billion of Apple’s $109 billion revenue total in its most recent quarter. Its Services division is growing into one of the larger segments of the company. Services generated nearly $31 billion in revenue during the quarter.
Overall, Apple’s revenue grew at a 16% year-over-year pace to $109 billion — the fastest growth rate in over four years.
Data by YCharts.
I’ll be curious to see what Apple can do over the next few years to boost that growth rate, but comparing Apple’s growth to Nvidia’s is a moot point. Nvidia’s…