A recent OnDeck study placedApple as the fourth most innovative company in the world, behind IBM, Qualcomm and its eternal competitor Alphabet (Google). A rewarding position for the American manufacturer, despite criticism from part of its community accusing it of a lack of innovation. On the other hand, Apple has just lost a much more important position: that of the group with the best value on the stock market.The Apple brand is overtaken by Nvidia.
Nvidia becomes the most valued group on the stock market in the world to the detriment of Apple
Hard blow for Apple. The Cupertino company has just lost its place as the most valuable company on the stock market. This position goes to Nvidia, whose capitalization now reaches$3.43 trillion versus $3.4 trillion for Apple. Nvidia dominates the graphics card sector head and shoulders. According to a study by Jon Peddie Research, the company led by Jensen Huang held 88% market share in the first quarter of 2024, far ahead of its competitor AMD.
Nvidia also owes its success and its stock market valuation to its AI accelerators which equip 75% of the global market. Note thatNvidia shares rose 2%, while Apple shares fell 0.2%this Monday. A trend that is explained when we know that Apple Apple recently warned investors that its future range of new products may never be as profitable as the iPhone.
The apple brand is also concerned aboutgeopolitical tensions likely to have an impact on its sales. The very gradual deployment ofApple Intelligence, currently only available in the United Statesbefore arriving in Europe in April 2025, can also explain the decline in Apple shares. The Cupertino company is lagging behind in the field of AI compared to its rivals and has only just launched its race to try to catch up with them.
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By : Keleops AG
