Apple's market value surpasses Nvidia's, and the ranking of technology giants accelerates the reshuffle
Slightly surpassing NVIDIA, it once again topped the list of the most valuable listed companies in the United States. As the market continues to reassess the companies vying for dominance in the artificial intelligence industry, the market value rankings of Silicon Valley technology giants are undergoing a reshuffle. Apple's latest market value on Friday was US$4.9 trillion, followed by Nvidia with a market value of US$4.8 trillion. Over the past year, Nvidia has been the darling of Wall Street: the supply of AI chips has exceeded demand, the valuation of the hardware sector has ushered in an unprecedented premium, and major technology giants have rushed to purchase Nvidia chip products. But now the market is beginning to question whether the expansion of artificial intelligence infrastructure can continue last year's high-speed pace, and Nvidia's stock price has fluctuated violently. Apple's stock price has been rising steadily, and investors are optimistic that its absolute leading position in the field of consumer electronics can solve most operating problems. Although Apple started slowly in its artificial intelligence deployment, there has not been a large number of iPhone users switching to the Android camp. In addition, the new artificial intelligence version of Siri will be launched this fall, and Apple is gradually making up for its AI shortcomings. Apple's market value overtake momentum is accelerating this time, due to its impressive March quarter financial report: iPhone 17 series sales continue to sell well, and new users continue to join the Apple ecosystem. Each new user means Apple has more opportunities to sell high-value-added derivative businesses, including app store software, cloud storage space and other lucrative value-added services. Nvidia was the first company in the United States to break through the US$4 trillion and US$5 trillion market value, and Apple's rise is also a milestone: it became the first company in the world to cross the US$1 trillion and US$2 trillion market value thresholds in 2018 and 2020 respectively. Even though Apple's stock price fell during a wave at the end of June, it still regained the top spot in market capitalization. At that time, Apple stated that the cost of memory and storage chips, the core components of the equipment, had risen sharply. The company immediately raised the prices of Mac computers and iPad tablets to pass on the costs. The stock price fell by about 6% in response. The market was also worried that Apple would start to raise prices for its main product iPhone in the future. But Wall Street quickly dismissed concerns, believing that product price increases would not cause a massive loss of users. Alphabet has a market capitalization of US$4.2 trillion, following Apple and Nvidia; The market capitalization is less than US$3 trillion. SpaceX completed a blockbuster IPO worth up to US$2 trillion in June, coupled with the highly anticipated listing plans of Anthropic and OpenAI, the leading companies in the field of generative AI, the current market value ranking pattern of technology companies is far from stable.