# Apple Dethrones Nvidia as World's Most Valuable Company Amid Chip Sector Jitters

*2026-07-28 06:02 UTC · Business · 1 min read*

> Apple's market cap climbed to nearly $5 trillion, overtaking Nvidia for the first time since April 2025, as chip stocks slid on AI-spending worries.

Apple reclaimed the title of world's most valuable public company on Monday, July 27, as its market capitalization climbed to nearly $5 trillion while Nvidia slipped to roughly $4.77 trillion. It is the first time Apple has topped Nvidia since April 2025.

Apple shares rose about 1% on the day and are up nearly 24% for 2026, even as critics have knocked the company for lagging rivals on AI strategy. Nvidia, by contrast, fell almost 5% on Monday and is down roughly 3% over the past week. The slide was fueled by a new Chinese AI model released earlier this month that unsettled investors, plus renewed concern over reports that Nvidia is discussing $250 billion in financing for OpenAI's data centers — reigniting fears of circular AI dealmaking. The semiconductor sector as a whole has struggled, with a key chip ETF down 14% over the past month and a memory-focused ETF down 29% in the same period.

Analysts framed the swap as a rotation away from crowded AI-momentum trades toward steadier, consumer-facing names like Apple. Three other "Magnificent Seven" members — Tesla, Microsoft and Meta — are also down year-to-date, underscoring how concentrated the market's AI enthusiasm had become before this pullback.

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/apple-dethrones-nvidia-worlds-most-170222216.html)
- [tradingkey.com](https://www.tradingkey.com/analysis/stocks/us-stocks/262057023-us-stock-market-wrap-apple-overtakes-nvidia-market-cap-nasdaq-4-day-losing-streak-memory-crash-tradingkey)

---
TechTools News · https://techtools.cz/tools/news/article/2086-apple-dethrones-nvidia-as-world-s-most-valuable-company-amid-chip-sector-jitters
Česká verze: https://techtools.cz/tools/news/clanek/2159-apple-sesadil-nvidii-z-trunu-nejhodnotnejsi-firmy-sveta-uprostred-obav-o-cipovy