Nvidia (NVDA) stock once again had the highest market capitalization in public markets, overtaking Apple (NASDAQ:AAPL) on Tuesday as the iPhone maker’s stock price slid, sustaining a recent decline.
Nvidia (NVDA) crossed above $3.46T in market capitalization during Tuesday’s trade, exceeding Apple’s (NASDAQ:AAPL) $3.33T capitalization. Nvidia (NVDA) in the session rose 2.8% to $141.43 while Apple (AAPL) dropped 3.8% to $221.14, although it was off the lows of the day.
Earlier Tuesday, Counterpoint Research said iPhone sales fell ~18% in China in Q4 2024, while Chinese rival Huawei Technologies advanced to the top spot.
Nvidia (NVDA) stock, meanwhile, rose Tuesday after UBS said it’s expecting more revenue from the company's newest Blackwell line, at ~$9B in Q4. Nvidia (NVDA) shares had largely stalled since the company's last quarterly report in November
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