{"id":112041,"date":"2026-07-20T14:55:18","date_gmt":"2026-07-20T14:55:18","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/112041\/"},"modified":"2026-07-20T14:55:18","modified_gmt":"2026-07-20T14:55:18","slug":"why-apple-briefly-overtook-nvidia-as-the-most-valuable-company","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/112041\/","title":{"rendered":"Why Apple briefly overtook Nvidia as the most valuable company"},"content":{"rendered":"

Apple and Nvidia are neck-and-neck for the crown of the world\u2019s most valuable company. This is happening not because Apple is gaining value, but because Nvidia\u2019s stock is losing value. Investors have been selling off the chipmaker\u2019s shares amid a broader market rethink<\/a> over how much artificial intelligence related companies should be worth. <\/p>\n

When Apple briefly overtook Nvidia<\/a> on Friday, Daniel Newman, CEO of the tech advisory firm The Futurm Group, had a pithy response. <\/p>\n

\u201cI actually tweeted something out that just had one word and it said: \u2018dumb,\u2019” he said. <\/p>\n

Because, Newman said, while Apple will likely keep selling lots of iPhones and make lots of money.<\/p>\n

\u201cIt’s not anywhere close to what we expect Nvidia to do in the future years,\u201d he said.<\/p>\n

Newman said what\u2019s happening in the markets now is that investors are growing a bit more cautious after two years of exuberance over AI.<\/a> <\/p>\n

Daron Acemoglu, an institute professor at MIT who researches the economic underpinnings of the AI boom, said caution is warranted. <\/p>\n

\u201cThe whole industry could have a shakeup,\u201d Acemoglu said.<\/p>\n

A shakeup that would happen if profits \u2014 when and if they materialize \u2014 don\u2019t justify the enormous spending on AI, which is forecasted at $2.59 trillion <\/a>globally this year alone. <\/p>\n

\u201cI don’t think anybody has come up with a reasonable scenario in which, in two or three years’ time, we’re going to see trillion dollars of revenue,\u201d Acemoglu said.<\/p>\n

Meanwhile, there are questions about whether big tech firms will keep spending massively to build data centers.<\/a> Newman said earnings reports this week from Alphabet, Microsoft, Meta, and others will be key. <\/p>\n

\u201cEverybody’s been kind of waiting for who blinks,\u201d he said. \u201c[Are] any of these hyperscalers<\/a> going to say we’re not going to spend what we said we’re going to spend?\u201d<\/p>\n

If they say that, Newman said, that would likely spark a further selloff in stocks related to the AI buildout. <\/p>\n

Related Topics<\/p>\n","protected":false},"excerpt":{"rendered":"Apple and Nvidia are neck-and-neck for the crown of the world\u2019s most valuable company. This is happening not…\n","protected":false},"author":2,"featured_media":112042,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,20995,319,25,24788,58],"class_list":["post-112041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-ai-boom","tag-apple","tag-artificial-intelligence","tag-chipmaker","tag-nvidia"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/112041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=112041"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/112041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/112042"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=112041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=112041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=112041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}