Apple vs Nvidia Market Cap: $497B Gap Explained [2026]

The title of world’s most valuable public company changed hands twice in July 2026, then quietly changed back. As of September 25, 2026, Nvidia sits at roughly $5.425 trillion in market capitalization against Apple’s $4.928 trillion, a gap of about $497 billion, according to Yahoo Finance market data. That reversal matters because it caps a wild eight-week run in which Apple briefly held the crown Nvidia had occupied for most of the past year, only to watch it slip away again as investors rotated back toward AI infrastructure spending.