Apple Dethrones Nvidia as World's Most Valuable Company Amid AI Spending Concerns
Apple has overtaken Nvidia to become the world's most valuable company, with a market capitalization of $4.93 trillion compared to Nvidia's $4.78 trillion. Nvidia's stock fell nearly 5% amid growing investor skepticism about massive AI infrastructure spending and circular financing concerns, while Apple's shares rose 1% to a new all-time high.