Apple is outperforming the NASDAQ by its widest margin in 20 years, a feat that seemed improbable just a year ago when the prevailing narrative cast Apple as the tech giant most likely to be left behind by the AI revolution. On July 17, 2026, Apple reclaimed its position as the world’s most valuable publicly traded company with a market capitalization of approximately $4.88 trillion, overtaking Nvidia. Shares have returned roughly 22% year-to-date as of July 2026, easily outpacing the S&P 500’s modest 8% gain. The company has averaged annualized total returns of 27.4% over the past two decades through mid-2026, significantly outstripping broader market benchmarks.
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