Wall Street’s tech heavyweights just swapped crowns. Nvidia stock blew past Apple stock on Tuesday, briefly claiming the title of the world’s second-most valuable company. The move sent ripples through the market and had investors scrambling for their calculators.
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Nvidia Stock Rockets after Saudi AI Deal
Nvidia (NVDA) surged more than 5% to cross the $3 trillion market cap milestone. The spark? A landmark deal to supply thousands of its high-powered GPUs to Saudi Arabia for a colossal 500-megawatt AI data center. The deal marked Nvidia’s biggest expansion yet in the Middle East.
The stock’s rise helped yank the S&P 500 back from the brink, wiping out its 2025 losses. The tech sector had been teetering like a tightrope walker in a windstorm. Nvidia’s charge turned the tide.
Apple Stock Battles Supply Chain Woes
While Nvidia soared, Apple (AAPL) quietly nursed its wounds. AAPL stock closed at $212.99, up slightly, but facing a thumping $900 million tariff cost hit.
CEO Tim Cook is already plotting his next move. Apple plans to shift more production to India in a bid to dodge future tariff bullets. It is also trimming back on stock buybacks. Analysts say the tech giant still has plenty of fuel in the tank, but it has hit a bumpy patch of road.
Microsoft Stock Steadies After Layoffs
Microsoft (MSFT) pulled its own lever. The company announced a 3% workforce reduction, shedding roughly 6,000 jobs worldwide. The move is part of an aggressive pivot to pump resources into its AI and cloud businesses.
Investors barely flinched. MSFT stock closed solid at $451.14. Microsoft has been down this road before and knows how to steer through the storms.
TipRanks Comparison Tool Shows Nvidia Stock Leads On Analyst Ratings
The numbers tell it better. According to the TipRanks Stocks Comparison tool, Nvidia holds a Strong Buy consensus with an average NVDA price target of $164.51, suggesting a juicy 24.2% upside from current levels. The stock also boasts a near-perfect Smart Score of 9 out of 10.
Apple finds itself in a more cautious lane. Analysts give it a Moderate Buy rating with a price target of $228.65, or a 7.3% upside. Microsoft, despite layoffs and shifting resources, remains in the strong camp. It holds a Strong Buy rating and a price target of $490.97, offering an 8.6% upside.
