Apple Overtakes Nvidia as World's Most Valuable Company Amid AI Shift

Apple's market value rose to about $4.88 trillion on Friday, nudging it ahead of Nvidia, whose valuation slipped to roughly $4.86 trillion after a 3.5% share decline. The change reflects investors widening their view of AI winners beyond pure chip makers, rewarding Apple’s recent AI moves such as the Siri overhaul and its vast iPhone data pool. Analysts note Apple’s lower capital‑intensive profile and its ability to monetize AI through services and hardware upgrades, while Nvidia remains a key beneficiary of AI‑driven graphics demand. The shift marks Apple’s first return to the top spot since April 2025 and comes as CEO Tim Cook prepares to hand over the reins to John Ternus in September. (Sources: [1,2,3,4,5])