Will Apple be the second-largest company in the world by market cap on August 31?

Apple is likely to remain the world’s second-largest company by market cap on August 31, as the newest data place it well ahead of Alphabet and only behind Nvidia, with near-term momentum favoring stability.

Recent reports briefly conflicted in early August, but the most current Aug 7 Yahoo Finance screener and Aug 6 market-cap tables consistently rank Apple second at about $4.57 trillion, behind Nvidia near $5.3 trillion and ahead of Alphabet near $4.32–4.33 trillion. Earlier Aug 5 reports showed Alphabet slightly ahead, yet those figures appear superseded by the newer consensus. With 23 days left, the gap is large relative to typical daily moves, and near-term dynamics point toward Apple retaining the position. The outcome is likely with meaningful uncertainty because earnings reactions, sector rotation, or macro shifts could still narrow the spread before the close.