Apple has reclaimed its position as the world's most valuable company, surpassing NVIDIA after Friday's trading session. Apple shares slipped 1.2% to a market cap of $5.03 trillion, while NVIDIA dropped 4.2% to $4.93 trillion. This marks the first time Apple has led since briefly overtaking NVIDIA in late July.
The shift follows a wave of disappointing tech earnings, including Intel's 29% stock plunge due to weak Q4 guidance. Investors are increasingly questioning the return on massive AI data center investments, which have strained cash flows at companies like Alphabet and Amazon. Apple, by contrast, has avoided heavy AI infrastructure spending, helping its shares rise 27% this year.
Its free cash flow is projected to reach $142 billion in fiscal 2026. With the gap between the two giants at just $100 billion, the ranking could flip again with a single strong trading day for NVIDIA.
Source: TechPowerUp News · Summarized by HeadlinesBriefing