Nvidia Retakes Top Spot as Market Cap Gap with Apple Hits $497 Billion
The market cap of Apple and Nvidia has been on a wild ride this year. As of September 25, 2026, Nvidia holds the top spot with a market capitalization of $5.425 trillion, while Apple trails behind at $4.928 trillion, a gap of about $497 billion, according to Yahoo Finance.
The reversal is significant because it marks a shift from August and September when Apple briefly took the lead twice in July 2026. However, Nvidia reclaimed its position within days due to investor unease about AI capital spending.
Nvidia's market cap has remained relatively steady through September, while Apple's has continued to grow but not enough to close the gap. The numbers show that even with Apple's stronger short-term momentum, it would still need an additional 11% gain just to draw level with Nvidia.