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Apple briefly became the world’s most valuable company on Friday, surpassing Nvidia. This change is important as both companies are significant players in technology and investors are looking closely at the future of artificial intelligence (AI) investments.
Apple’s market value rose to over $4.91 trillion. This happened as Nvidia’s shares dropped, along with other companies that make computer chips. Investors are unsure if the fast growth of AI tools and the data centres needed for them will bring profits soon.
Later that day, Nvidia regained the top position with a market cap of $4.92 trillion. Apple’s value fell slightly to $4.89 trillion. During trading, Apple’s shares increased by 0.14%, while Nvidia’s shares fell by 2.21%.
Analysts think this shift shows that investors are now looking at companies besides Nvidia, which has led the market for almost a year. Investors are checking how much money these tech companies are spending to develop AI and if they can earn from it.
Market experts expect more companies to enter the AI space. This includes upcoming public listings from companies like Anthropic and OpenAI, which will offer more choices for investors.