Apple is challenging Nvidia for the position of the world’s most valuable company, with its market capitalization reaching approximately 4,60 billones de dólares. While Nvidia’s shares recently fell to $191, Apple’s stock rose to $315, supported by massive share buybacks and a roadmap that includes a foldable iPhone and new AI-driven hardware.
Why is Apple’s market cap rising against Nvidia and Alphabet?
Apple’s stock has gained more than 11% over the last five trading days, bringing its share price to $315. This surge places the company’s market value at approximately 4,60 billones de dólares. It is now within striking distance of Nvidia, which saw its shares drop nearly 5% over the last month to $191, resulting in a 4,64 billones de dólares market capitalization.
Alphabet remains the third major player in this valuation race, with a market capitalization of 4,45 billones de dólares following a 9% rise in the last five days. All three companies are utilizing aggressive share buyback programs to support their valuations.
| Company | Recent Share Price | Market Capitalization | Recent Buyback Activity |
|---|---|---|---|
| Apple | $315 | 4,60 billones de dólares | 36.989 millones de dólares spent; 100.000 millones de dólares authorized |
| Nvidia | $191 | 4,64 billones de dólares | 20.000 millones de dólares spent; 80.000 millones de dólares authorized |
| Alphabet | — | 4,45 billones de dólares | — |
Nvidia allocated 20.000 millones de dólares to share repurchases in the last quarter and announced a new 80.000 millones de dólares program. Apple spent 36.989 millones de dólares on buybacks during the same period and received board authorization for an additional 100.000 millones de dólares program.
What is the future of the iPhone lineup?
Apple is preparing for a significant leadership transition in early September, when John Ternus will replace Tim Cook as CEO. This change coincides with a massive expansion of the iPhone product line planned between the second half of 2026 and the first half of 2027.
The company plans to introduce at least five new models during this window. Analysts report that Apple is developing its first foldable iPhone, with an initial production target of around 10 millones de unidades. Additionally, Apple intends to launch a premium “iPhone Ultra” to sit at the top of its high-end range.
How is Apple securing its chip supply for AI?
To address memory chip shortages caused by high demand from AI data centers, Apple is diversifying its supplier base. The company has extended its partnership with Broadcom until 2031 to ensure a continuous supply of custom semiconductors.
According to company documents, Broadcom will continue to develop application-specific integrated circuits (ASICs) for “various generations of Apple products.” Apple is currently one of Broadcom’s largest customers, accounting for an estimated 20% of the chipmaker’s annual revenue.
While Apple has increased its internal chip design—including proprietary modem technologies like the C1 and C1X—it still relies on Broadcom for specific networking and radio frequency components, such as Bluetooth and Wi-Fi. This extended agreement also covers the rising demand for custom silicon used in AI infrastructure.
Separately, Apple is developing its own AI server chips, codenamed “Baltra.” These chips are expected to support cloud-based Apple Intelligence features, including text and image generation tools. These systems will likely integrate Broadcom’s networking and connectivity technology.
What new Mac and iPad products are coming?
Apple’s hardware roadmap extends beyond the iPhone. Bloomberg, citing sources with knowledge of the matter, reports that Apple is testing four new iPad Pro models expected to arrive in the spring of 2027. These models will maintain the current 11-inch and 13-inch screen sizes.
The company is also working on a redesigned entry-level MacBook Pro, known by the code name K104. This 14-inch laptop could launch in the first half of next year. It will feature a design aligned with the high-end MacBooks that Apple expects to launch with touchscreens between late 2026 and early 2027.
Frequently Asked Questions
Who is the new CEO of Apple?
John Ternus is set to succeed Tim Cook as CEO in early September.
When will the foldable iPhone be released?
Apple is planning a major product expansion between the second half of 2026 and the first half of 2027, which is expected to include the foldable model.
What is the purpose of the “Baltra” chip?
Baltra is the codename for Apple’s upcoming AI server chips designed to power cloud-based Apple Intelligence functions.
Why is Apple working with Broadcom?
Apple is extending its partnership with Broadcom to secure custom ASICs and semiconductors to mitigate supply limitations caused by AI demand.
What are the main competition levels for Apple’s market cap?
Apple is currently competing with Nvidia and Alphabet for the title of the world’s most valuable company.
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