# Apple Beats Nvidia in U.S. Market Valuation

> Apple overtakes Nvidia to become U.S. market leader with $5.12 trillion valuation.
- Title: Apple Beats Nvidia in U.S. Market Valuation · BigGo Finance
- Summary: Apple overtakes Nvidia to become U.S. market leader with $5.12 trillion valuation. Apple reclaimed the largest U.S. stock market valuation at $5.12 trillion…
- Keywords: apple, nvidia, us stocks, artificial intelligence, meta, nasdaq composite, yorkville ives, finance, markets, Beats, Market, Valuation
- Source: BigGo Finance — https://finance.biggo.com/news/37929e69-49e2-45a5-b2cf-dd2cddcb30c4
- Author: BigGo Finance
- Published: 2026-10-23T14:05:12+00:00
- Read time: 1 min
- Topics: apple, nvidia, us stocks, artificial intelligence, meta, nasdaq composite, yorkville ives, finance, markets
## Apple overtakes Nvidia
Apple shares rose 0.84% to $351.132, giving it a total market value of $5.12 trillion and edging past Nvidia's $5.10 trillion.
## Recent performance divergence
Over the past 20 trading sessions, Apple gained 4.4% while Nvidia fell 6%; over the past month, Nvidia is down 7.3% and Apple is up 2.5%.
## AI investment impact
Investor attention to returns on artificial intelligence investment continues to intensify, and tech stocks are diverging.
## Meta's AI spending
Meta's free cash flow turned negative for the first time since 2012 due to aggressive AI spending.
## iPhone demand for foldable
Dan Ives noted 375 million iPhones have gone more than four years without an upgrade, supporting demand for the new foldable Duo through 2027.
## Key takeaway

Apple reclaimed the largest U.S. stock market valuation at $5.12 trillion after surpassing Nvidia's $5.10 trillion in early trading on Oct. 23.