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Wajeeh Khan

AAPL Stock Alert: Apple Just Unseated Nvidia as World's Most Valuable Company

Apple AAPL Nvidia HSBC NVDA

Apple (AAPL) shares inched higher in early trading on July 17 as senior HSBC analyst Nicolas Cote-Colisson issued a bullish note in favor of the iPhone maker. The initial uptick helped AAPL briefly steal the crown of “the world’s most valuable company” by market cap from Nvidia (NVDA).

Later in the day, however, Apple stock pared back its intraday gains, with its market cap slipping below Nvidia’s again. That said, AAPL has outperformed NVDA this year, currently up about 20% year-to-date.

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