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Apple Beats Nvidia as Top Valued Firm, Announces CEO Change

7/28/2026

28 5 Full Breakdown

Summary

Story summary

Apple overtook Nvidia as the most valuable publicly listed company, with market caps of about $4.95 trillion and $4.77 trillion.
Tim Cook will step down as Apple CEO on Sept. 1 2026, becoming executive chairman, while John Ternus will assume the CEO role.
Apple will report its fiscal third-quarter earnings after market close on Thursday, prompting investors to watch the impact of the memory-chip shortage and Mac and iPad price hikes.

History

Historical Context

Apple’s rise to the top of market caps culminated in 2011 when it became the world’s most valuable company. The ascent foreshadowed later milestones—Apple hit $1 trillion in August 2018 and $3 trillion by January 2022—and mirrors the Big Five tech surge, including Microsoft, that now dominates the S&P 500 and reshapes investor expectations worldwide.

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Story summary

Apple overtook Nvidia as the most valuable publicly listed company, with market caps of about $4.95 trillion and $4.77 trillion.
Tim Cook will step down as Apple CEO on Sept. 1 2026, becoming executive chairman, while John Ternus will assume the CEO role.
Apple will report its fiscal third-quarter earnings after market close on Thursday, prompting investors to watch the impact of the memory-chip shortage and Mac and iPad price hikes.

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