Apple overtakes Nvidia as most valuable company, hits $5 trillion

In late July 2026, Apple became the first company to reach a $5 trillion market capitalization, overtaking Nvidia as the world's most valuable company. The milestone came as Apple also announced a new subscription program for iPhones, replacing its older upgrade plan, and signaled a major push into smart home technology with Siri AI at the center.

Separately, Nvidia's CEO met with Commerce Secretary Lutnick amid a US-China chip probe, and Nvidia invested $5 billion in a researcher who once plotted against OpenAI's leadership. The UAE's G42 also joined an AI security alliance started by Nvidia, though these moves were not directly connected to Apple's market cap milestone.