Apple Inc.Apple surpassed Nvidia to become the world's most valuable company, with market cap of $4.870 trillion.
Apple surpassed Nvidia to become the world's most valuable company for the first time since May 2025, with a market capitalization of $4.870 trillion compared to Nvidia's $4.832 trillion. The University of Michigan Consumer Sentiment Index rose to 54.4 in July from 49.5 in June, beating the 51.3 consensus, while one-year inflation expectations cooled to 4.2% from 4.6%. SpaceX shares fell about 5% to $123.82, erasing roughly $1 trillion in market value from its post-IPO peak and leaving its market cap at approximately $1.64 trillion, down about 45% from its June 16 intraday high of $225.64. U.S. housing starts surged 19.0% month-over-month to a seasonally adjusted annual rate of 1.427 million in June, comfortably beating the 1.320 million consensus, though building permits slipped 3.0% to a rate of 1.367 million.
Apple Inc.Apple surpassed Nvidia to become the world's most valuable company, with market cap of $4.870 trillion.
NVIDIA CorporationNvidia lost the top spot to Apple, with market cap of $4.832 trillion, falling behind.
Space Exploration Technologies Corp. Class A Common StockSpaceX shares fell about 5% to $123.82, erasing roughly $1 trillion in market value from its post-IPO peak.