Technology
Apple Overtakes Nvidia to Become World’s Most Valuable Company
Key Points
Apple Overtakes Nvidia to Become World’s Most Valuable Company Apple Inc. reclaimed the title of world’s most valuable company on Friday, taking the mantle from Nvidia Corp. as investors seek the perceived safety of the iPhone maker amid concerns about artificial intelligence spending. Shares of Apple fell 1.2% on Friday, resulting in a market capitalization of $5.03 trillion, while Nvidia sank 4.2% to close with a valuation of $4.93 trillion. This is the first time Apple has overtaken...
Apple Overtakes Nvidia to Become World’s Most Valuable Company
Apple Inc. reclaimed the title of world’s most valuable company on Friday, taking the mantle from Nvidia Corp. as investors seek the perceived safety of the iPhone maker amid concerns about artificial intelligence spending.
Shares of Apple fell 1.2% on Friday, resulting in a market capitalization of $5.03 trillion, while Nvidia sank 4.2% to close with a valuation of $4.93 trillion. This is the first time Apple has overtaken Nvidia since briefly doing so in late July.