Apple Stock Rises 1.31% to $312.66 as Market Value Gap With Nvidia Narrows to 3%

According to AP, Apple stock rose 1.31% to close at $312.66 yesterday (July 6) on the New York Stock Exchange. The company's market capitalization reached $4.592 trillion, narrowing the gap with sector leader Nvidia ($4.732 trillion) to just 3%.

Apple's gains come as the tech giant maintains a contrarian strategy amid intense AI competition among peers. While Microsoft increased first-quarter capital expenditures by 85% and Alphabet by 107%, Apple cut Capex by 36%, focusing on essential AI chip development with Broadcom and TSMC rather than competing in a large-scale investment race.