Apple Is About 4% Away From Overtaking Nvidia as the World's Most Valuable Company. Could It Happen This Month?

Apple is closing in on Nvidia's position as the world's most valuable company, with a $190 billion gap (4%) separating them. Apple's upcoming July 30 earnings report and rumored new iPhone lineup could be catalysts to narrow the gap further, while Nvidia faces sentiment headwinds around AI spending costs despite strong fundamentals. Apple trades at a premium valuation (37x earnings) compared to Nvidia (30x earnings), but offers lower cyclicality and steadier growth.