Apple Market Cap Gap to Nvidia Narrows to $200B as Stock Gains 15% in 2026

According to MarketWatch and Dow Jones market data, Apple's market valuation gap with Nvidia has narrowed significantly to approximately $200 billion, with Apple currently valued at $4.56 trillion versus Nvidia's $4.78 trillion. The gap reflects weakening investor confidence in Nvidia following its more than one-year reign as the U.S. most-valued company, which it assumed after overtaking Microsoft on June 25, 2025.

Apple's stock has outperformed Nvidia's in 2026, gaining 15% compared to Nvidia's 6% rise, while the latter's valuation metrics have compressed significantly. Nvidia's forward price-to-earnings ratio now sits at 15.63x, approaching historic lows, marking the most dramatic valuation compression since 2013.