Apple has reclaimed the title of the world's most valuable company, overtaking Nvidia, reports infohub.kz.
Apple's market capitalization reached $4.9 trillion, while Nvidia's value fell to $4.8 trillion after a drop in its shares. Since the start of the year, Apple's stock has risen over 20%, while Nvidia's shares have gained just under 10%.
The shift in leadership reflects changing investor sentiment, Reuters notes. Previously, investors largely poured money into companies benefiting from the artificial intelligence boom, but now they are increasingly turning to other promising tech firms.
According to Tony Medows, head of investments at BRI Wealth Management, Apple was recently seen as lagging in the AI race, but investor sentiment has now shifted. The company spends less on AI development than other tech giants, but profits from it through paid services, its ecosystem, and device upgrades. In his view, Apple's rising market value reflects investor confidence in its ability to generate stable long-term profits, rather than just AI hype.
This is not the first time Apple has been the world's most valuable company. It first topped the global market capitalization rankings in 2011, and in 2018 became the first company ever to reach a $1 trillion valuation. In 2016, Alphabet briefly took the lead, and in 2024, amid high demand for AI chips, Nvidia claimed the top spot.