A device maker retakes the crown as investors flee capex-heavy chipmakers

Claim

Apple retook the crown as the world's most valuable company at $4.9 trillion as investors fled capital-expenditure-heavy chipmakers, though a signed leather jacket belonging to Nvidia's chief executive still drew 65 bids to fetch $960,000, sixteen times its estimate.

Reported metric: $4.9T

Reporting date: 2026-07-18 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

• Welcome to July 18, 2026 (theinnermostloop.substack.com)