Apple Reclaims Top Spot From Nvidia
Apple briefly became the world's most valuable company, passing Nvidia, before Nvidia topped it again.
Tech giants Apple and Nvidia changed places last Friday. Apple briefly held the title of the world's most valuable company. Then, Nvidia took back the lead by the end of the day.
Nvidia has grown fast this year. It makes special chips for artificial intelligence. These chips are important for new AI tech. Many investors put money into Nvidia because of this.
But some investors now question AI investments. This caused Nvidia's stock to dip. Apple's value then moved ahead for a short time.
Apple has big plans for AI too. It recently announced new AI features for its products. This news has boosted Apple's stock. The market awaits to see which company holds the lead next.
Source: Fox Business