Global Market Cap Top Spot Changes Hands: Apple Overtakes Nvidia in Market Cap, Returns to Global Number One After 3 Months

TechFlow reports that on July 17, according to Bitget market data, Nvidia fell 3.2%, with its market cap further shrinking to approximately $4.86 trillion; Apple, buoyed by recent strong gains, saw its market cap rise to approximately $4.90 trillion. Apple has regained the top spot in global market capitalization.

Notably, Apple's year-to-date cumulative gain has reached 22.8%, with an 11.2% gain over the past 20 days, showing a recent trend significantly stronger than the broader market; Nvidia has been trading almost sideways over the past 20 days (-3%), with short-term momentum significantly weaker than Apple.