Nvidia and Microsoft Stocks Reach $4 Trillion Valuation as Apple Lags Behind

Nvidia and Microsoft have entered an exclusive financial echelon, surpassing a combined $4 trillion market valuation. The milestone marks a dramatic shift in the tech landscape, where Apple—once the undisputed leader—now trails as the third-largest company globally with a $3.4 trillion capitalization.

Nvidia's meteoric rise stems from its dominance in AI-essential GPUs, transforming from a niche gaming supplier to the backbone of generative AI infrastructure. Fiscal Q1 2026 revenue surged 69% YoY, with its forward P/E of 31 suggesting further upside potential. Analysts speculate a $5 trillion valuation could materialize before year-end.

Microsoft maintains dual leverage as both a Nvidia client and software innovator, though the article's truncated conclusion leaves its growth drivers unspecified. Meanwhile, Apple's slowing momentum raises questions about its ability to reclaim pole position in the intensifying AI race.