Apple overtakes Nvidia to reclaim crown as world's most valuable company
Apple has overtaken Nvidia to become the world's most valuable publicly traded company, according to Reuters, in a shift the agency tied to investors rotating away from the artificial-intelligence chip trade that had powered Nvidia's ascent (https://news.google.com/rss/articles/CBMinwFBVV95cUxOQ0dxV3BmWDRMVmZLTHI0bWpNR2hCVTVfdWloZGRCdnZxTUZNNnBQMGs1bm9oVGpiZVVtclBiNkIxQjF5NlFJY2JjalR4cTIyVEg1TVAycGZpakdXQUxZWEtZWEdMemFhVXFDX2RPX21HV05QMnpVU0REaFpOYjlUVVROV09RdFFURmdVS1FUeFRRcUtoZHdTd3ZKRjNjWVk?oc=5). Bloomberg separately reported the same milestone, describing Apple as topping Nvidia "amid a tech rotation" (https://news.google.com/rss/articles/CBMitAFBVV95cUxPX3pwYzRPU194U1JwYUZnbzNPRmVVaHZyeGFJXy1TVmxqa2Y3YWFFVks1cVhESXhyZmZBSER5NFZFSzVLVEJtNkxZUFhHLWZUaXRjWm5wSjNqQUlMb2ZfUFpfQUdCd1hCNE5mVnc0Ty14Z0RRR2lRQi1hRkhkWVhwZlFnb3g2dE02ZEtnZGl1S2F5Yks1OTNobHNNTHZlc3cyYUdtZnU1bTA4dW40QUx2ak5qNUs?oc=5).
Photo: Coolcaesar via Wikimedia Commons (CC BY-SA 4.0)
Apple has overtaken Nvidia to become the world's most valuable publicly traded company, according to Reuters, in a shift the agency tied to investors rotating away from the artificial-intelligence chip trade that had powered Nvidia's ascent (https://news.google.com/rss/articles/CBMinwFBVV95cUxOQ0dxV3BmWDRMVmZLTHI0bWpNR2hCVTVfdWloZGRCdnZxTUZNNnBQMGs1bm9oVGpiZVVtclBiNkIxQjF5NlFJY2JjalR4cTIyVEg1TVAycGZpakdXQUxZWEtZWEdMemFhVXFDX2RPX21HV05QMnpVU0REaFpOYjlUVVROV09RdFFURmdVS1FUeFRRcUtoZHdTd3ZKRjNjWVk?oc=5). Bloomberg separately reported the same milestone, describing Apple as topping Nvidia "amid a tech rotation" (https://news.google.com/rss/articles/CBMitAFBVV95cUxPX3pwYzRPU194U1JwYUZnbzNPRmVVaHZyeGFJXy1TVmxqa2Y3YWFFVks1cVhESXhyZmZBSER5NFZFSzVLVEJtNkxZUFhHLWZUaXRjWm5wSjNqQUlMb2ZfUFpfQUdCd1hCNE5mVnc0Ty14Z0RRR2lRQi1hRkhkWVhwZlFnb3g2dE02ZEtnZGl1S2F5Yks1OTNobHNNTHZlc3cyYUdtZnU1bTA4dW40QUx2ak5qNUs?oc=5).
The changing of the guard caps a turbulent stretch for megacap technology shares. Nvidia had ridden the generative-AI investment boom to become the most valuable company on Wall Street, but Reuters attributed the latest move to a broad rotation in AI-related bets (https://news.google.com/rss/articles/CBMinwFBVV95cUxOQ0dxV3BmWDRMVmZLTHI0bWpNR2hCVTVfdWloZGRCdnZxTUZNNnBQMGs1bm9oVGpiZVVtclBiNkIxQjF5NlFJY2JjalR4cTIyVEg1TVAycGZpakdXQUxZWEtZWEdMemFhVXFDX2RPX21HV05QMnpVU0REaFpOYjlUVVROV09RdFFURmdVS1FUeFRRcUtoZHdTd3ZKRjNjWVk?oc=5). Bloomberg's framing pointed to a sector-wide "tech rotation" (https://news.google.com/rss/articles/CBMitAFBVV95cUxPX3pwYzRPU194U1JwYUZnbzNPRmVVaHZyeGFJXy1TVmxqa2Y3YWFFVks1cVhESXhyZmZBSER5NFZFSzVLVEJtNkxZUFhHLWZUaXRjWm5wSjNqQUlMb2ZfUFpfQUdCd1hCNE5mVnc0Ty14Z0RRR2lRQi1hRkhkWVhwZlFnb3g2dE02ZEtnZGl1S2F5Yks1OTNobHNNTHZlc3cyYUdtZnU1bTA4dW40QUx2ak5qNUs?oc=5).
The move comes amid a wider pullback in AI-linked equities that has unsettled global markets this week, with chip stocks sliding into a bear market as the 105% AI-fueled rally fizzled, according to Bloomberg (https://news.google.com/rss/articles/CBMisAFBVV95cUxPaXJLOUktNlE1Tml0WDBNdDlZUEg1NUxZTFRuQnBmMUpJRk1rejh3Xzd0S3VkMVBhX0N2ZmczTGRUMnRXMnZRcFdHLVItNmtYTzJCSjh6NHdzMEtsVHdYbXZUNlBRTjlPblVXVXR0YWVSQy1xMUlaZWRoWjlZS25HelpqRUgxQmNKNnR3TUJRU09QSXk5SGFkblRDNng1S2huVjROVnlxdnlFc3ZtRkdDUw?oc=5). The reversal has rippled through retail investors crowded into leveraged funds, Bloomberg also reported (https://news.google.com/rss/articles/CBMitgFBVV95cUxNM1ByMG5sRTRJSmhSQmxyaDhGU1h2RnNSMndrSnJQVXpzYVJacjNnbEVNVmZoaDZMYW9sTTNfRnhRNGJBZ0tObElaUmFuLWNzdk5jU2ZhYnJqbGxwTWVVNWJDdnpxUDJOLWFrM2pvSThuWDVsRnU3NVBSMFR1QllmN09McEdmU09TeDZTd1JLdkJiOWgzSDRwYjRZM29yd2pNcWVvN2pOelpoWmhGUWFPeTdNSWdNdw?oc=5).
The reshuffle underlines how quickly leadership among the world's largest listed companies can turn as investors reassess the payoff from AI spending. Apple's ascent to the top slot arrives even as the iPhone maker faces its own regulatory headwinds in the United States, with Bloomberg reporting it is in early settlement talks with the Justice Department over an antitrust case (https://news.google.com/rss/articles/CBMisAFBVV95cUxQS1lWM1AzMHlWNHNKWW1tdC10VzFmZHVlRVdPZHYzOG13dU9KeHlJYUNETWJOV2VLaDN6MmRqWEg1OXduSmxSR1RGakhLSVI1a2hOYmVMRl93bkZvbllzbWZlV05FdVU0RThkNV9UNXJyYmpjQlZRTUkyTzkzLUwxanlBRjdKTmtfbU5neEZDWmZPU0ZDVzBtbmZ5ZGg4UDhfN1FqOGZNRWE4ZjFIY01iMg?oc=5).
*Source Reporters corrects errors promptly. Report corrections to corrections@sourcereporters.com.*
