Apple Moves Past Nvidia in Market Value in Early Trading

Early in U.S. trading Friday, Oct. 23, Apple’s market capitalization stood at $5.12 trillion, above Nvidia’s $5.10 trillion, as the stocks moved in opposite directions.

Apple shares gained 0.84% to $351.132 in the early trading snapshot. Nvidia shares slipped 0.19% to $211.800. Based on the displayed valuations, Apple’s lead was about $20 billion.

Over the previous 20 trading sessions, Apple gained 4.4%, while Nvidia fell 6%. The figures show Apple ahead both in the early trading snapshot and over that longer period of stock performance.

The ranking had been reversed in a separate snapshot at the Oct. 5 close, when Nvidia held a $906 billion market-value lead over Apple. The Oct. 23 figures reflect the early trading snapshot, while the earlier comparison was taken at the close.