Apple overtook Nvidia and once again became the most valuable company in the world
Kyiv • UNN
Apple has once again become the world's most valuable company with a market capitalization of $4.88 trillion. Nvidia lost its lead after a 3.5% drop in its shares.
American corporation Apple has regained its status as the world's most valuable company, surpassing chipmaker Nvidia. Reuters reports, writes UNN.
Details
As of Friday, Apple's market value stood at $4.88 trillion, while Nvidia's capitalization shrank to approximately $4.86 trillion after the company's shares fell by 3.5%.
Apple was considered a laggard in the artificial intelligence race because it did not spend money on developing models, but now that perception has changed
According to Reuters, Apple has returned to the top spot for the first time since April last year. The agency links the change in leadership to investors' reassessment of the prospects for the development of artificial intelligence technologies.