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Apple Tops Nvidia, Hits $4.88 T, Names Ternus CEO

7/17/2026

45 5 Full Breakdown

Summary

Story summary

Apple Inc. overtook Nvidia Corp. on July 17, 2026, reaching $4.88 trillion, ahead of Nvidia’s $4.86 trillion after a 3.5 % share fall.
Apple will hand leadership to John Ternus in September, its first top-rank return since April 2025.
Apple launched Siri in June that uses on-device data to improve AI and preserve privacy.
Analysts say Apple’s lower capex and strong services make its AI earnings more durable than Nvidia’s speculative upside.

History

Historical Context

In August 2018 Apple became the first U.S. firm to top a $1 trillion market value, a milestone recorded in the list of trillion-dollar companies. The company later pushed past $2 trillion, reporting a $2.25 trillion valuation in a recent quarter, echoing the growth that now puts it ahead of rivals such as Nvidia.

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Story summary

Apple Inc. overtook Nvidia Corp. on July 17, 2026, reaching $4.88 trillion, ahead of Nvidia’s $4.86 trillion after a 3.5 % share fall.
Apple will hand leadership to John Ternus in September, its first top-rank return since April 2025.
Apple launched Siri in June that uses on-device data to improve AI and preserve privacy.
Analysts say Apple’s lower capex and strong services make its AI earnings more durable than Nvidia’s speculative upside.

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