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July 17 (Reuters) - Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence. Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, following a 3.5% decline. The shift in the pecking order illustrates that investors are broadening their focus beyond the most obvious beneficiaries of the AI boom, such as Nvidia, which had been at the helm for nearly a year. Apple is reclaiming the top spot for the first time since April last year. "Apple was seen as a laggard in the AI race because it wasn't spending to develop models, but now sentiment has changed," said Toni Meadows, head of investment at BRI Wealth Management. "Apple is less exposed to capex intensity and better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades. The re-rating reflects confidence in earnings durability rather than speculative AI upside." For a company that was often seen trailing in the AI race, the milestone reflects Apple's efforts to establish itself more firmly among the sector's leading players, and could shape how CEO Tim Cook's final months at the helm are viewed. Cook is preparing to cede his role to hardware veteran John Ternus in September. Last month, the company rolled out a long-delayed overhaul of Siri, betting the upgraded assistant would help close the gap ‌with Big Tech rivals and new-age startups in the crucial AI race. Some analysts say Apple is sitting on an ​AI gold mine in the form of the personal data that lives on every iPhone. The data could make Siri's answers more useful and the assistant more capable. The challenge is that such data is locked away in operating systems in the name of privacy and the company would have to find a way to unlock its value. AI SPENDING LIFTS NEW WINNERS Nvidia became the first company in the world to surpass a $5 trillion market valuation in October, a landmark that propelled it into a rarefied territory that was far beyond the reach of its rivals. Being superseded by Apple does not necessarily signal a lasting change in the companies' relative standing. The chipmaker remains a major beneficiary of AI-related spending, and its graphics processors are powering much of the generative AI frenzy. Nvidia could also reclaim the top spot if sentiment shifts. Besides, Apple is in a delicate position itself, having raised prices to offset rising costs -- a strategy that could hurt demand. "I don't see any meaningful distinction. Nvidia likely to be a significant participant in whatever happens going forward," said Benjamin Hall, vice president, alpha research at Segal Marco Advisors. However, the AI enthusiasm has spread to other corners of the semiconductor industry. The bigger winners this year have been memory chipmakers such as Micron, which crossed $1 trillion in market value in May as investors embraced the significance of memory chips in AI infrastructure. South Korea's SK Hynix also listed on the Nasdaq earlier this month, adding another player to the race for investor attention. "The new entrants to the market could spread out the focus away from the pure Magnificent Seven names into a wider number of names," Hall said. The eye-watering chips rally ran into turbulence in July as investors reassessed the sustainability of the artificial intelligence trade, knocking the Philadelphia SE Semiconductor index down almost 19% from its all-time highs. Despite the steep fall, the index has performed better than Nvidia so far this year.

We are saying so long to the penny, but now the U.S. Mint is making a new gold colored coin worth $1. I t will have President Trump's face etched on it next to the words "In God We Trust." Treasury Secretary Scott Bessent says the new coin is in commemoration of the Country's 250th birthday and will have the years 1776 to 2026 printed on it. The new coin is currently in production and is expected to be in circulation this fall.

Josh opens the show by discussing the Democratic Party's dramatic shift to the left and the growing threats to long-standing American institutions. He explains how even bedrocks of our constitutional system, including the U.S. Senate, could be targeted if some members of the Democratic Socialists of America get their way. Josh breaks down why this is just the latest radical idea coming from the left and what it could mean for the country, moving forward. Josh then turns to the president's prime-time address on election integrity and explains why Congress must pass the SAVE America Act immediately. He argues that protecting American elections will require more than speeches and promises—it will take concrete action to ensure that only legal votes are counted. Max Meizlish of the Foundation for Defense of Democracies joins the show to discuss how the United States can tighten the financial pressure on Iran. They examine what can be done to restrict Iranian exports, cut off key sources of revenue, and weaken the regime's ability to fund its ongoing war efforts.

The Iran War Will Escalate Soon!

White House Press Secretary Karoline Leavitt is back in the briefing room following maternity leave for her second child. When asked about the Iran conflict, she says the Trump administration is on the same page and remains focused on achieving its goals.

More Security For SCOTUS Justices

Rubio Enlists World Leaders To Fight Far-Left Extremists

Is JD Vance Becoming Anti-Israel?

Recapping Trump’s Speech & Democrats Have a New Star

In his national address Thursday night, President Trump declassified documents linking China to data hacking and election interference—including the acquisition of 220 million U.S. voter files . Major networks like ABC, NBC, and CNN refused to broadcast the speech, citing his "history of misleading statements" . The President is fighting for fair and secure elections, but the legacy media doesn't want the American people thinking about the implications of a foreign data breach—and what could have been a stolen election. -- M and M EXTRA: Two iconic talk radio hosts. One unfiltered daily conversation. No scripts. No spin. Just Mike Gallagher and Mark Davis breaking down the news the way it should be — with decades of experience and zero apologies. If you love smart unscripted talk show chemistry, you’re in the right place. -------------- Check out our sponsor PHD Weight Loss if you're ready to finally take control of your health, PHD has the plan that works. Real science. Real support. Real results. Visit PHDWeightloss.com or call 864-644-1900 and mention Mike and Mark from M and M Extra! ---------------- Subscribe & Watch M and M Extra Live 📺 youtube.com/@MandMExtra 🕛 Weekdays at 12 PM ET Watch The Mike Gallagher Show Live 📡 salemnewschannel.com/watch-live 🕘 Weekdays 9 AM – 12 PM ET Listen to The Mark Davis Show 🎧 660amtheanswer.com/listenlive 🕛 Weekdays at 7AM - 10AM CT

NYC Mayor Zohran Mamdani's housing agenda has made him the enemy of landlords. Under his watch landlords won't be able to request proof of income and credit scoring, and now he wants to make it harder for to evict squatters who don't want to pay their rent. -- M and M EXTRA: Two iconic talk radio hosts. One unfiltered daily conversation. No scripts. No spin. Just Mike Gallagher and Mark Davis breaking down the news the way it should be — with decades of experience and zero apologies. If you love smart unscripted talk show chemistry, you’re in the right place. ---------------- Subscribe & Watch M and M Extra Live 📺 youtube.com/@MandMExtra 🕛 Weekdays at 12 PM ET Watch The Mike Gallagher Show Live 📡 salemnewschannel.com/watch-live 🕘 Weekdays 9 AM – 12 PM ET Listen to The Mark Davis Show 🎧 660amtheanswer.com/listenlive 🕛 Weekdays at 7AM - 10AM CT

Meet the New Star of the Democrat Party

COLUMBIA, S.C. (AP) — Sen. Darline Graham has privately expressed interest in running for a full Senate term after getting appointed as a temporary replacement for her late brother, Lindsey Graham, according to three people familiar with the deliberations. The people, who were not authorized to speak publicly, said she has started having conversations about a potential campaign. Plans for Lindsey Graham's funeral were also announced on Friday. There will be a service in Washington on July 28 and more in South Carolina on July 29. Darline Graham's eventual decision could dramatically shake up the scramble to fill her late brother's seat after he died last weekend. The filing period for a special primary runs from July 21 to July 28, and the primary is scheduled for Aug. 11. Several other noteworthy politicians — including Reps. Russell Fry, Nancy Mace and Ralph Norman, as well as Lt. Gov. Pamela Evette — have been eyeing a run. Darline Graham's conversations were first reported by Semafor. South Carolina Gov. Henry McMaster appointed Darline Graham to serve the remainder of her brother's term, which ends in January. In his announcement on Monday, McMaster made no reference to her as a placeholder or symbolic appointment. The first woman to represent the state in the Senate, Darline Graham called it "such an honor,” as dozens of her brother’s staffers and campaign advisers stood behind her, some with eyes glassy from welling tears. “Lindsey has always been there for me. And now, I will be there for him," she said. Lindsey Graham died on Saturday at age 71. A preliminary report from the medical examiner said he suffered a tear in his aorta. He never married or had a family of his own, but his sister was often by his side for the political touch points of his career, speaking at events and appearing in some of his campaign ads.

WASHINGTON (AP) — President Donald Trump has used a primetime address to question the legitimacy of U.S. elections and push for more restrictive voting laws. The Republican president on Thursday revisited debunked theories about his 2020 loss to Democrat Joe Biden, despite ongoing voter concerns about other pressing issues. Trump claimed election interference but provided no evidence of manipulated votes. Former intelligence official Sue Gordon calls Trump's speech "dangerous." Some networks choose not to air the address live. Democrats accuse Trump of trying to discredit the upcoming 2026 midterm elections. Democrats argue Trump's claims are baseless and aim to sow confusion.

U.S.House Speaker MIKE JOHNSON (R-LA)—taking time from campaigning in Iowa for Republican candidates—faces a back-breaking agenda in the week ahead including a Reconciliation bill that will make-or-break the SAVE AMERICA Act. ELIZABETH MITCHELL, White House correspondent for the Daily Signal, recaps major stories making headlines this week and raises the question: “Can any member of Congress support Israel and still remain a Democrat?” House Armed Services Committee member Congressman PAT HARRIGAN (R-N.C.) offers this assessment of America’s options in Iran: “If you’re not willing to employ total war then you shouldn’t go to war.” Former Assistant Secretary of State ROBERT DESTRO breaks-down President DONALD J. TRUMP’s declassification of documents proving the Chinese Communist Party has engaged in longtime election interference in the United States and elsewhere. And TONY PERKINS’ commentary notes that “the evidence is clear: more babies will continue to be killed nationwide” until the DOJ reverses Biden-era policies that grant unfettered access to mail-order abortion pills. All this—and more—coming up on our latest edition of THIS WEEK ON CAPITOL HILL with Tony Perkins, sponsored by AARP.

Homeland Security Secretary Markwayne Mullin pledged to aggressively pursue voter fraud cases at the White House complex after President Donald Trump revived debunked election theories in his primetime speech Thursday night. Trump used the primetime address to the nation to elevate his yearslong push to raise doubts about the legitimacy of U.S. elections and dispute his 2020 loss — this time, to justify his push to pass a strict voter ID bill. His allegations of interference and influence didn’t include key context. Nor did he produce evidence that votes had been manipulated or that the election outcome had been altered. On Friday, DHS unveiled newly declassified documents showing that more than 250,000 non-citizens are registered to vote across the four U.S. states.

Election Integrity Speech Review & New Face for the Dems

Mike and Mark analyze President Trump's Thursday night speech sounding the alarm about election vulnerability; on the subject of Minnesota governor Tim Walz’ pardon of a child rapist, they discussed the difference between misguided and evil; then look ahead to Christopher Nolan’s “Odyssey” film, out this weekend. ------ M and M EXTRA: Two iconic talk radio hosts. One unfiltered daily conversation. No scripts. No spin. Just Mike Gallagher and Mark Davis breaking down the news the way it should be — with decades of experience and zero apologies. If you love smart unscripted talk show chemistry, you’re in the right place. -- Check out our sponsor PHD Weight Loss if you're ready to finally take control of your health, PHD has the plan that works. Real science. Real support. Real results. Visit PHDWeightloss.com or call 864-644-1900 and mention Mike and Mark from M and M Extra! ---------------- Subscribe & Watch M and M Extra Live 📺 youtube.com/@MandMExtra 🕛 Weekdays at 12 PM ET Watch The Mike Gallagher Show Live 📡 salemnewschannel.com/watch-live 🕘 Weekdays 9 AM – 12 PM ET Listen to The Mark Davis Show 🎧 660amtheanswer.com/listenlive 🕛 Weekdays at 7AM - 10AM CT

What's Happening in Maine?!

The Carl Jackson Show, July 18, 2026