● IndustryOct 31, 2026 · 04:218 sources
Apple Closes at $5.03T to Top Nvidia as Tech Rout Wipes Almost $2T From US Stocks
From marketbrief.now
AI;DR
Apple closed at a $5.03 trillion market capitalization, overtaking Nvidia at $4.94 trillion as the world's most valuable company, amid a tech rout that wiped nearly $2 trillion from US equities. The Nasdaq Composite fell 2.85% to 25,438.40, while Intel plunged 31% after guiding fourth-quarter revenue below expectations.
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- SUPPORT@marionawfal“After years of hype, Pilkington says the revenues still aren’t showing up fast enough to justify the spending and valuations.”x.com
- SUPPORT@howardlindzon“Apple is back as most valuable company in the world as Nvidia stock is now down 10 percent from highs”x.com
- SUPPORT@wallstengine“Hedge funds just made their biggest risk cut on record: a 7.8% de-grossing from the peak, the largest in Morgan Stanley prime brokerage data going back to 2016.”x.com
- SUPPORT@andreassteno“The biggest deleveraging event in more than 10 years”x.com
- SUPPORT@wolf_financial“Intel $INTC fell 31%, its biggest drop in more than 40 years, after its outlook missed estimates.”x.com
- SUPPORT@blakemillardcfa“our AI leaders-vs-laggards basket was up nearly 100% YTD at the end of June; in the time since, the entirety of that performance has been given back.”x.com
- SUPPORT@philippilk“He points to PIMCO dumping 50% of its AI debt and thinks that helped trigger the selloff.”x.com