IT Home, October 31 — Following the close of U.S. markets at 4:00 PM EDT on October 30 (4:00 AM Beijing Time on October 31), Apple’s market capitalization reached $5.03 trillion (approximately RMB 3.358 trillion at current exchange rates), surpassing NVIDIA once again ($4.93 trillion, approximately RMB 3.292 trillion), and reclaiming its position as the world’s most valuable publicly traded company.
IT Home note: After the U.S. stock market closed on October 30 local time, Apple's closing stock price fell by 1.2%, while NVIDIA's closing stock price dropped by 4.2%. Although Apple's stock also declined, its drop was significantly smaller than NVIDIA's, causing Apple to surpass NVIDIA in market capitalization. This marks the first time since late July that Apple has reclaimed the top spot.
Apple briefly surpassed NVIDIA during intraday trading on July 17, 2026, but NVIDIA closed higher, reclaiming the top spot. Apple then surpassed NVIDIA in market capitalization at the close each day from July 27 to 30.
On the first day of sales for the iPhone Duo on October 23, Apple's market value rose intraday to approximately $5.1 trillion, briefly taking the lead, but NVIDIA retained the top position at closing with a market value of approximately $5.094 trillion (equivalent to about RMB 34.01 trillion at current exchange rates), compared to Apple’s $5.074 trillion (equivalent to about RMB 33.88 trillion at current exchange rates). On October 30, Apple’s closing market value once again surpassed NVIDIA’s.