Apple regains top market value spot ahead of Nvidia

Apple regains top market value spot ahead of Nvidia: Apple reclaimed the title of the world’s most valuable company on Friday, surpassing Nvidia as investors broadened bets beyond the biggest beneficiaries of the artificial intelligence boom. Apple’s valuation rose to $4.88 trillion, while Nvidia’s market capitalization slipped to about $4.86 trillion after its shares dropped 3.5%. Apple last held the top spot in April of the previous year. The move reflects shifting sentiment toward companies seen as able to monetize AI through products and services rather than relying solely on chip sales. Apple is also working to strengthen its AI strategy, including a June overhaul of Siri aimed at narrowing gaps with generative-AI rivals. The article notes privacy constraints and highlights an impending leadership transition, with CEO Tim Cook preparing to hand the hardware-focused role to John Ternus in September. Meanwhile, Nvidia remains a major beneficiary of AI spending, and the Philadelphia Semiconductor Index has fallen nearly 19% from its record, though it still outperformed Nvidia’s stock this year.