Apple Set to Lose Stock-Market Crown After Earnings -- WSJ

By WSJ Staff

Apple reported solid earnings last night, but signs that its growth engine is slowing sent the stock sliding about 4% in premarket trading.

If the stock sustains its losses, it's set to lose its place as the largest company by market cap.

Nvidia, whose shares are up over 2% premarket, is on course to dethrone the iPhone maker. The two companies have traded places on the top spot three times so far this year, according to Dow Jones Market Data.

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November 03, 2026 08:49 ET (13:49 GMT)