The Crown Keeps Switching Hands: Apple Inc. (AAPL) vs NVIDIA Corporation (NVDA)

1 hour ago 5

Fatima Gulzar

Tue, August 11, 2026 astatine 8:32 AM CDT 5 min read

Apple Inc. (NASDAQ:AAPL) and NVIDIA Corporation (NASDAQ:NVDA) person traded the rubric of world's astir invaluable institution much than erstwhile successful the past 2 weeks. Apple archetypal edged up connected Friday, July 17, astatine $4.88 trillion versus Nvidia's astir $4.86 trillion aft Nvidia shares fell 3.5%. Nvidia returned to the apical spot, past mislaid it again Monday, July 27, erstwhile a 5% driblet pulled its worth to astir $4.77 trillion, beneath Apple's $4.95 trillion. Apple concisely touched $5 trillion Tuesday, July 28, a milestone Nvidia had reached first, backmost successful October. Apple's banal past fell 2 consecutive days and dropped 7% to 8% successful extended trading Thursday aft fiscal third-quarter net that bushed estimates.

Why the Beat Didn't Lift the Stock

Apple Inc. (NASDAQ:AAPL)'s numbers were strong. Revenue roseate 16.4% to $109.42 billion, supra estimates and Apple's ain guidance, led by iPhone income up 21.7% to $54.25 billion, Apple's best-ever fiscal 3rd quarter, and Mac income up 28.7%. CEO Tim Cook, connected his past telephone earlier John Ternus takes implicit successful September, said Apple was seeing "an incredibly beardown merchandise rhythm beyond our expectations." Investors sold anyway: guidance for the existent 4th came successful soft, with gross maturation of conscionable 9% to 11%, beneath the 12% Wall Street wanted, and gross borderline guided down to 47% to 48% from this quarter's 50.1%. Cook blamed rising representation costs and a chipmaking capableness shortage, calling the representation crunch a "hundred-year flood."

This makes you wonder: is the marketplace close to punish Apple implicit 1 brushed guide, oregon is it overreacting to proviso problems Cook says Apple tin manage, portion NVIDIA Corporation (NASDAQ:NVDA) rides the precise AI roar straining that aforesaid proviso chain?

Is Apple (AAPL) One of the Top 12 Dividend Stocks to Buy According to Billionaire Cliff Asness?

Apple's Bull and Bear Case

Apple Inc. (NASDAQ:AAPL) is deliberately spending little than its peers, expecting conscionable implicit $11 cardinal successful capex this year, compared with much than $100 cardinal each for respective hyperscaler rivals. Baird analysts wrote that "investors are coming astir to Apple's industry-leading" currency procreation and recommended buying the stock. Apple inactive has an AI angle: a redesigned Siri built with Google arrives with caller iPhone hardware successful September, crossed an installed basal of 1.5 cardinal iPhones, and Wedbush's Dan Ives estimates AI features could yet adhd $15 cardinal a twelvemonth to a services concern that already made $109 cardinal successful 2025. Goldman Sachs analysts noted Apple besides gained stock successful China, adding 4 points arsenic rivals raised prices and the steadfast held the line.

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