NVIDIA and Apple are competing to hold the largest market capitalization by the end of the third quarter of 2026. NVIDIA reported 106% revenue growth in the second quarter, driven by demand for artificial intelligence and data-center infrastructure, and is targeting $108 billion in third-quarter revenue. Apple reported its best June quarter ever, generating $109.42 billion in revenue on strong iPhone 17 sales, although it faces supply constraints and benefited from one-time tariff effects. Microsoft reported $90.01 billion in revenue, with Azure growth reaching 43%. The supplied account also references a $678 billion figure related to Microsoft without fully describing what it represents.