NetApp market cap hits $37.57B, surpasses Kenvue

NetApp has overtaken Kenvue in market capitalization, climbing into a higher size tier among U.S. large-cap stocks. At Friday’s close, NetApp’s market cap stood at $37.57 billion, narrowly beating Kenvue’s $36.83 billion.

The shift reflects a late-week move in share prices: NetApp fell about 1 percent while Kenvue rose roughly 0.2 percent. It also caps a longer climb up the S&P 500 size rankings, where NetApp (blue line) has been steadily gaining ground on Kenvue (green line) in recent weeks.

Market cap is the best way to compare companies because it weighs share price by total shares outstanding, not just the headline price per share. A $20 stock with 10 million shares isn’t automatically worth more than a $10 stock with 50 million shares—only the market cap gives the true size comparison. That matters to mutual funds and ETFs that only hold stocks in specific size buckets, such as large-cap or mid-cap baskets.

The reshuffle puts NetApp closer to the top of the S&P 500’s large-cap cohort and may open doors to funds that avoid smaller stocks. Kenvue, now slightly lower, slips a rung but remains a heavyweight in health-care and consumer staples. Neither company is in the top 20 overall, but the shift shows how quickly market valuations can flip based on daily trading moves and investor sentiment.