Apple and Nvidia have traded the title of world's most valuable company multiple times in the past two weeks. Apple first edged ahead on Friday, July 17, at $4.88 trillion versus Nvidia's roughly $4.86 trillion after Nvidia shares fell 3.5%. Nvidia returned to the top spot, then lost it again Monday, July 27, when a 5% drop pulled its value to about $4.77 trillion, below Apple's $4.95 trillion. Apple briefly touched $5 trillion Tuesday, July 28, a milestone Nvidia had reached first back in October. Apple's stock then fell two straight days and dropped 7% to 8% in extended trading Thursday after fiscal third-quarter earnings that beat estimates but included soft guidance.
