Nvidia Narrowly Holds Global Market Cap Lead as Apple Briefly Surpasses It on July 17

According to Dow Jones Market Data, on Friday (July 17), Nvidia narrowly maintained its position as the world's most valuable company after Apple briefly surpassed it intraday. Nvidia closed down 2.21% at $202.81 per share, with a market cap of approximately $4.91 trillion, while Apple rose 0.14% to $333.74 per share, valued at roughly $4.90 trillion. Despite the intraday pressure, Nvidia reclaimed the top spot and has maintained its lead for 266 consecutive trading days since surpassing Microsoft in June 2025.

Nvidia touched an intraday low of $197.97 but recovered as semiconductor stocks faced broader headwinds. Apple reached an intraday high of $334.99, marking a 52-week record. The Philadelphia Semiconductor Index fell 1.6% on Friday, down approximately 18% since July began.