Huo Xing Finance reports that, on October 31, according to data from the BIT stock platform, Apple (AAPL.O) closed on Friday with a market capitalization of $5.03 trillion, surpassing NVIDIA's (NVDA.O) $4.93 trillion to become the world's most valuable publicly traded company. This marks the first time since late July that Apple has once again surpassed NVIDIA. On the same day, Apple's stock fell 1.2%, while NVIDIA declined 4.2%. Recent earnings reports from Intel (INTC.O) and Amazon (AMZN.O) have intensified market concerns about the returns on massive AI-related capital expenditures; Alphabet (GOOG.O) and Meta Platforms (META.O) have also faced selling pressure. In contrast, Apple’s relatively restrained infrastructure investments and strong free cash flow have made it more resilient during the recent tech stock correction. Year-to-date, Apple’s stock has risen 27%, while NVIDIA has dropped more than 10% over the past month.
Apple's market cap surpasses NVIDIA, regaining the top global listing.
MarsBitShare
Summary
As reported by MarsBit, Apple (AAPL.O) closed at a $5.03 trillion market cap on October 31, surpassing NVIDIA (NVDA.O)’s $4.93 trillion to become the world’s largest publicly traded company for the first time since late July. Apple’s stock declined 1.2%, while NVIDIA fell 4.2%. Investors are monitoring top altcoins and on-chain data for signs of market shifts. Weak results from AI-related capital expenditure in Intel (INTC.O) and Amazon (AMZN.O) reports triggered sell-offs, pulling down Alphabet (GOOG.O) and Meta (META.O). Apple’s disciplined spending and robust free cash flow helped it withstand the tech sell-off. Year to date, Apple’s stock is up 27%, while NVIDIA has dropped over 10% in the past month.
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