Apple Retakes Top Spot as Nvidia Shares Fall
Technology · First reported 31 Oct, 10:23 · Updated 10:36
Apple ended Friday with a $5.03 trillion market value, ahead of Nvidia at $4.93 trillion, after both stocks fell. The reports connect the shift to investor concerns over whether heavy AI infrastructure spending will pay off, while noting Apple’s comparatively restrained capital spending.
- Apple’s market value was $5.03 trillion after its shares fell 1.2%; Nvidia’s was $4.93 trillion after a 4.2% drop.
- Both reports say concerns about returns on AI data-center investment contributed to pressure on technology stocks; they cite disappointing results from Intel and Amazon, following reports from Alphabet and Meta.
- Apple’s shares were up 27% for the year, and its fiscal 2026 free cash flow was projected to rise 38% to $142 billion.
Summary written by Lux AI from 2 articles
Key facts
- Apple market value
- $5.03 trillion
- Nvidia market value
- $4.93 trillion
- Friday share moves
- Apple: down 1.2%; Nvidia: down 4.2%
- Apple shares in 2026
- Up 27%
- Apple projected fiscal 2026 free cash flow
- $142 billion, up 38%
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