Stocks
July 17, 2026
Netflix Stock Falls as It Reveals Less About What Viewers Watch
- Apple stock climbed as its market cap overtook Nvidia stock, making it the world’s most valuable company despite the broader Nasdaq decline and continued weakness in AI stocks
- Nvidia’s slide came as AI and memory stocks dragged the Nasdaq 100 lower, with Asian markets also feeling the impact of the global sell-off
- Analysts remain optimistic on Apple, with some projecting the stock could reach $400 as AI expansion and China approvals strengthen its long-term outlook
In early trading, Apple overtook Nvidia to become the world’s most valuable company, surpassing the AI chip giant. This new feat follows the recent Nasdaq futures fall as AI stock rotation continues to roll out. This is a noteworthy development as Apple beats Nvidia in the market cap race, highlighting the stark fall of AI stocks amid the ongoing US-Iran war narratives. The Apple stock is keeping stable at $333, while Nvidia’s stock has taken a hit and is down 2%, sitting at $204.
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Apple Surpasses NVIDIA as the Most Valuable Company in the World
A recent report by Barchart outlined the new Apple feat, with the company outpacing Nvidia in market cap revenue statistics. The tweet further shared crucial stats, stating how Apple’s market cap is steady at $4.92T, with Nvidia standing at $4.86T. This development crowned Apple as the most valuable company in the world, with Nvidia taking the second spot. Apple stock has also responded well to the news, jumping 1.76% to $333.
The current Nvidia stock slide also coincides with the recent Nasdaq 100 futures fall, led primarily by the memory stocks. The fall was triggered as AI stocks and memory stocks continued to encounter rapid decline, leading the index to drop by 2%.
This correlation has also impacted the global markets, particularly in the Asian markets. The ongoing US-Iran war is weighing heavily on the AI stocks domain, with Japan and South Korea taking the maximum heat. Asian markets are currently under pressure due to the constant AI and memory stock sell-off, negatively affecting the KOSPI’s and Nikkei’s gain prospects.
“ASIAN MARKETS TUMBLE AS AI SELLOFF SPREADS. Nikkei 225: -5.42%. KOSPI: -6.37%. Hang Seng: -1.98%. Shanghai Composite: -1.64%. The latest leg lower was driven by a deepening global AI selloff, as investors questioned whether massive AI spending will translate into near-term profits. Chipmakers and AI-linked stocks led the decline across the region, with Japan’s Advantest, SoftBank, Tokyo Electron, and Kioxia among the biggest losers. Investors are also digesting stronger inflation risks, geopolitical tensions in the Middle East, and the start of earnings season, keeping risk appetite firmly in check. “
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Apple Stock Future Prospects
Apple stock has lately been projecting green. One of the leading facts supporting its price rally is that it is largely driven by regulatory AI services approvals that the firm has managed to receive from China. The Chinese cyberspace administration has approved Apple Intelligence for deployment in the region, bolstering the Apple stock price momentum.
With their memory and AI chip sell-off growing at large, Nvidia’s stock has taken a bit of a hit.
Per tip ranks, Apple stock may end up claiming $400 in the coming months if supporting factors continue to strengthen its ecosystem.
“The average price target for Apple Inc. is 328.69. This is based on 30 Wall Street analysts’ 12-month price targets, issued in the past 3 months. The highest analyst price target is $400.00; the lowest forecast is $250.00. The average price target represents a -1.37% decrease from the current price of $333.26.”
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