Apple Reclaims Top Market Cap as Nvidia CEO Resigns

Apple Inc. reclaimed the title of the world's largest company by market capitalization on November 12, 2026, reaching a valuation of $5.1 trillion. The shift occurred as Nvidia's market capitalization fell to $4 trillion, marking a 30% decline from its all-time high.

The sell-off at Nvidia followed revelations that CEO Jensen Huang had an affair with a tech executive accused of being a Chinese spy. Huang announced his resignation on Thursday, leaving the company in a leadership crisis. Colette Kress, the company's chief financial officer, has stepped in as interim CEO.

Despite the volatility, analysts maintain that Nvidia remains the leader in AI computing hardware. Some suggest the company may eventually recover its valuation because of high growth expectations, contrasting with Apple's more expensive price-to-earnings ratio.