- Apple shares fell 1.2% on Oct 30, 2026 to a $5.03 trillion market cap, reclaiming the title of world's most valuable company from Nvidia.
- Nvidia sank 4.2% to close at a $4.93 trillion valuation on the same day.
- Bloomberg attributes the rotation to investors seeking the perceived safety of the iPhone maker amid concerns about artificial intelligence spending.
- This is the first time Apple has overtaken Nvidia since briefly doing so in late July.