Geopolitics Alpha

Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple

Published . Updated .

Key takeaways

  • Exposed: SMH, SOXX, NVDA, AVGO, ASML
  • Market reaction: SOXX +3.1% on the day (still updating); SMH +2.5% on the day (still updating); AMD +5.5% on the day (still updating)

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GEOPOLITICS ALPHANvidia Is World’s Most ValuableCompany Again—After Brief Loss ToAppleNVDAAAPLGEOPOLITICS ALPHA

This report is about semiconductors.

Directly affected

  • NVDA Nvidia-11.7% 30d

    Named in this report.

  • AAPL Apple+0.6% 30d

    Named in this report.

Indirectly affected

  • SMH VanEck Semiconductor ETF-16.4% 30d

    VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.

  • SOXX iShares Semiconductor ETF-20.8% 30d

    iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.

  • ASML ASML Holding N.V-0.1% 17d

    ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • TSM Taiwan Semiconductor Manufacturing-11.9% 30d

    Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • AVGO Broadcom-11.6% 30d

    Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • AMD Advanced Micro Devices-25.2% 30d

    Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NVDA+7.75%+5.68%base+3.05%after closeafter closeafter close
AAPL+2.48%+3.04%base-2.16%after closeafter closeafter close
SMH+9.78%+10.54%base+2.52%after closeafter closeafter close
SOXX+12.64%+13.25%base+3.08%after closeafter closeafter close
ASML+7.22%+9.85%base+2.12%after closeafter closeafter close
TSM+9.59%+8.27%base+2.16%after closeafter closeafter close
AVGO+6.21%+7.02%base+3.05%after closeafter closeafter close
AMD+20.01%+21.38%base+5.53%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple Forbes

Source: Forbes

Price since this story was published: Vaneck Etf Trust (SMH)

CompanyWhenMoveStatus
AAPLthat day-2.16%still updating
AAPLthree days earlier+3.04%final price
AAPLfive days earlier+2.48%final price
Advanced Micro Devices (AMD)that day+5.53%still updating
Advanced Micro Devices (AMD)three days earlier+21.38%final price
Advanced Micro Devices (AMD)five days earlier+20.01%final price
Asml Holding (ASML)that day+2.12%still updating
Asml Holding (ASML)three days earlier+9.85%final price
Asml Holding (ASML)five days earlier+7.22%final price
Broadcom (AVGO)that day+3.05%still updating
Broadcom (AVGO)three days earlier+7.02%final price
Broadcom (AVGO)five days earlier+6.21%final price
Nvidia (NVDA)that day+3.05%still updating
Nvidia (NVDA)three days earlier+5.68%final price
Nvidia (NVDA)five days earlier+7.75%final price
Vaneck Etf Trust (SMH)that day+2.52%still updating
Vaneck Etf Trust (SMH)three days earlier+10.54%final price
Vaneck Etf Trust (SMH)five days earlier+9.78%final price
Ishares Tr (SOXX)that day+3.08%still updating
Ishares Tr (SOXX)three days earlier+13.25%final price
Ishares Tr (SOXX)five days earlier+12.64%final price
TSMthat day+2.16%still updating
TSMthree days earlier+8.27%final price
TSMfive days earlier+9.59%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Vaneck Etf Trust (SMH)

Companies carried with this story

  • SMH Vaneck Etf Trust

    Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

  • SOXX Ishares Tr

    For “Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple,” Ishares Tr (SOXX) is linked, with no stored direction, medium confidence. Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

  • NVDA Nvidia

    In “Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • AVGO Broadcom

    For “Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple,” Broadcom (AVGO) is linked, with no stored direction, medium confidence. Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • ASML Asml Holding

    For “Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. Reason on file: ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • AMD Advanced Micro Devices

    Advanced Micro Devices (AMD) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple.” Reason on file: Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

Vaneck Etf Trust (SMH)

On 3 Nov 2026, “Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple” is the story that connects Vaneck Etf Trust (SMH) to this story.

Vaneck Etf Trust (SMH) is on the page because VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

A second company, Ishares Tr (SOXX), is listed for a different reason: iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

Price levels for Vaneck Etf Trust (SMH)

NVDA traded between 200.92 and 243.34 across 20 sessions. The latest close on file is 202.21. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. SOXX traded between 452.10 and 596.35 across 20 sessions. The latest close on file is 453.73.

What the saved facts support for Vaneck Etf Trust (SMH)

46 out of 100Price not final

“Nvidia Is World’s Most Valuable Company Again—After Brief Loss To Apple” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.