Why Is NVIDIA Getting Cheaper While Apple Hits New All-Time Highs

Apple shares reached a fresh all-time high on September 21, 2026. The stock touched nearly $345 intraday before settling near $339. NVIDIA, meanwhile, trades near record levels, even as its forward valuation multiple has compressed sharply from earlier this year. What’s Really Driving Apple’s Record-Breaking Rally A forward price-to-earnings ratio measures a stock’s current price