By Rick Munarriz, The Motley Fool
Publication Date: 2026-10-29 16:58:00
Don’t look now, but Apple (NASDAQ: AAPL) is closing in on Nvidia (NASDAQ: NVDA) for the market cap crown. The consumer tech giant is rolling this year, on the strength of accelerating revenue growth and new product rollouts. Apple stock is up 26% so far this year, more than double the market’s return. Its market cap just cracked $5 trillion.
In the other corner, Nvidia shares are up only 15% this year. The AI bellwether continues to deliver blowout financial results, but investors have rotated into memory stocks and other infrastructure plays that will benefit from the boom. Nvidia’s market cap is currently $5.2 trillion. Don’t be surprised if Apple pulls ahead of Nvidia in market cap, potentially in the final two months of this year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
The case for Apple as the new market cap king
Apple’s revenue is accelerating for the third consecutive year. When it reports its fiscal fourth-quarter results next week, analysts expect top-line growth of 15% for fiscal 2026. It will be Apple’s first fiscal year of double-digit revenue growth since 2021.
Apple stock capping off its biggest annual growth in five years is huge….
