Apple Just Passed Nvidia as the World's Largest Company. Here's Why That Won't Last.
Apple is reaching peak valuation levels.
Overview
In case you missed it, at market close on July 28, Apple (NASDAQ: AAPL) passed Nvidia (NASDAQ: NVDA) as the world's largest company. Apple closed at a $4.95 trillion valuation, while Nvidia fell to $4.76 trillion. These are the two largest companies in the world, with third-place Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) at about $4 trillion.
However, I don't expect this to last. Apple has an inflated valuation and the market isn't valuing Nvidia's stock correctly. A year from now, I'd bet that Nvidia is worth at least $1 trillion more than Apple, and I've got the math to back up that claim.
Image source: Getty Images.
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Originally published at www.fool.com.
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