Two of the world’s biggest technology firms, Apple and Nvidia, have set new market milestones. Apple briefly crossed the $4 trillion valuation mark for the first time, driven by strong global demand for its latest iPhone models, while Nvidia closed in on a record $5 trillion valuation as AI chip sales continue to dominate global technology markets.
Apple’s Record Market Milestone
Apple’s market capitalisation briefly touched $4.005 trillion after its shares hit $269.89 on Tuesday before settling slightly lower at $3.992 trillion. This makes Apple the third company to achieve the $4 trillion milestone, following Nvidia and Microsoft. The company’s recent turnaround came after strong sales of the new iPhone 17 series and the ultra-slim iPhone Air, which performed exceptionally in the U.S., China and India.
iPhone Demand Fuels Growth Amid Tariff Challenges
The iPhone 17 lineup has outperformed its predecessor by nearly 14 per cent in key markets. Despite concerns over high U.S. tariffs on manufacturing hubs in Asia, Apple managed to maintain profitability. The company’s ability to integrate users into its ecosystem through iPhone sales remains its strongest advantage. Brokerage projections suggest Apple will exceed quarterly expectations and post robust guidance for the year-end period.
Nvidia’s AI Dominance Reshapes Global Tech Landscape
Nvidia, meanwhile, continues its meteoric rise with a market value reaching $4.89 trillion, after gaining almost 5 per cent in a single trading session. The surge followed its announcement of $500 billion in AI processor bookings and a plan to build seven supercomputers for the U.S. Department of Energy. Nvidia’s success underscores its dominance in AI hardware, with demand for its Blackwell chips powering both commercial and government AI infrastructure.
AI Uncertainty and Market Outlook
While Nvidia’s trajectory is powered by its AI leadership, Apple remains cautious about its artificial intelligence strategy. The delay in rolling out its Apple Intelligence suite, including an AI-enhanced Siri, has raised investor concerns about its long-term growth in the AI sector. However, the company’s consistent hardware demand and ecosystem strength continue to provide stability. As both Apple and Nvidia redefine valuation records, their contrasting strategies highlight the twin forces shaping global technology—consumer electronics and artificial intelligence.
